Fintech firm LMAX launches BTC, ETH perps for institutional traders

LMAX Group entered the crypto derivatives arena with 100x leveraged perpetual futures for institutional investors, citing increased demand for these tools.

London-based fintech company LMAX Group has entered the leveraged crypto derivatives market, unveiling perpetual futures contracts tied to Bitcoin and Ether aimed at institutional clients.

The exchange, which averages over $40 billion in daily spot volume across FX and digital assets, said the move was driven by client demand for high-leverage access to crypto markets, according to a Wednesday report by Bloomberg.

“Perpetual futures have dominated the crypto market for the last three or four years,” LMAX CEO David Mercer said. “Our institutional clients, including top proprietary trading firms and brokers, are looking for that kind of exposure,” Mercer added.

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