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

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

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.

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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).

Remember, all trading carries risk. Past performance is no guarantee of future results.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.