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LMAX Exchange Group claims to have opened the first physical crypto currency exchange dedicated to serving only institutional clients. The exchange, named LMAX Digital, was developed at the request of the firm’s existing clients.

LMAX adds that only “the most liquid and established crypto currencies are offered through LMAX Digital: Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.” Trading will be available 24/7 and governed by rules similar to those used at the company’s FCA-regulation MTF.

“We are perfectly positioned to address the gap in the market for a robust physical crypto currency exchange operating with institutional liquidity,” said David Mercer, CEO of LMAX Exchange.

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“Over $10 trillion of FIAT has been traded on our exchanges to date and we have institutional clients in over 100 countries. We’ve applied everything we’ve learned in the institutional FX market to LMAX Digital, to create a fundamentally improved, secure digital exchange based on our proven trading technology, market leading liquidity and transparent and precise execution.”

The firm outlines a number of key differentiators it claims LMAX Digital has: