LMAX Sees Record Breaking $23.5 Billion in Trading Volume This Quarter

The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk. No profits are guaranteed, and you may lose some or all of your investment. Always invest responsibly and only with funds you can afford to lose.

Largest Thai Crypto Exchange Goes Out of Business
Largest Thai Crypto Exchange Goes Out of Business

Join Our Telegram channel to stay up to date on breaking news coverage

A cryptocurrency exchange, LMAX Digital, is seeing fantastic growth this year. In fact, especially in the last three months, the space saw over $23.5 billion in trading volume – a record-breaking number for LMAX Digital.

A strong 2019 for LMAX

LMAX is an institutionally regulated cryptocurrency trading platform. On top of the overall record, June hit its own record of seeing $8.6 billion in spot volume trading and $1.25 billion traded in one day on June 27. The platform is, as of now, the top Bitcoin spot currency exchange in the world.

Criminals Are Using the Dark Web to Launder Cash for Bitcoin

As an institutional exchange, it’s no wonder the platform is seeing such big money movements. That and it should be noted that Bitcoin futures have just launched today on Bakkt’s trading platform, so it’s likely that more money is being poured into these exchanges as well thanks to increased institutional interest. After all, futures and other methods make buying into Bitcoin trading a little less risky and a little more accessible for these types of people.

The LMAX website describes its platform in the following way:

Leveraging LMAX Exchange proven, robust technology and liquidity relationships, LMAX Digital delivers a market-leading solution for physical trading and custodial services for the most liquid crypto currencies – such as BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), BCH (Bitcoin Cash) and XRP (Ripple).

Join Our Telegram channel to stay up to date on breaking news coverage

Read next