Bitcoin and Ethereum Volumes Double in Traditional Foreign Exchange For Institutional Trading


Trading volumes for bitcoin and ethereum have increased by 106% in a traditional foreign exchange (FX) platform that claims $2.3 trillion in total trading volumes during the first half of 2020. The London based LMAX exchange, regulated by the Financial Conduct Authority (FCA), says the first half of 2020 saw spot crypto currency volumes of $36 billion. Under LMAX Digital, they began offering banks and investment managers as well as non-bank big institutions the ability to spot trade Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin in May 2018. They say the exchange is seeing record numbers of new clients for LMAX Digital, claiming it now works with more than 200 large global institutions trading crypto currencies in the US, Europe and Asia. “We continue to look for ways to revolutionise capital markets, with some notable successes,” David Mercer, CEO of LMAX Group, said in a statement this Friday, adding: “In…

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