A UK trading platform is launching a crypto exchange pitched at banks and hedge funds

LMAX Exchange CEO David Mercer. LMAX Exchange


LONDON — UK foreign exchange trading venue LMAX Exchange is launching a cryptocurrency exchange for institutional investors.

LMAX said it developed the new “LMAX Digital” venue at the request of clients who wanted access to cryptocurrencies like bitcoin and ether. Clients will be able to trade bitcoin, ether, litecoin, ripple, and bitcoin cash on the exchange, which will operate 24 hours a day and 7 days a week.

David Mercer, CEO of LMAX Exchange, said in a statement: “We are furthering the legitimisation of the crypto currency market by offering institutions a platform on which to acquire, trade and hold crypto currencies securely with high quality, deep liquidity.

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