LMAX Digital crypto trading volumes slow 21% in February to $48B
Following a record January, institutional spot crypto currency exchange LMAX Digital, part of London’s LMAX Group, has announced that trading volumes slowed somewhat during February – and that despite record volatility which saw BTCUSD prices nearly double and top $50,000 per Bitcoin, before settling back down to the mid $40,000’s.
After a $61 billion January at LMAX Digital, February 2021 trading volumes came in at $48 billion – down 48% MoM. However February still included LMAX Digital’s best ever day, when on February 23 it saw record trading volumes of $4.4 billion.
In February LMAX Digital facilitated 6.05 million trades (-31% MoM), with a total of 1.05 million BTC equivalent traded (-23% MoM).
LMAX Digital is the institutional crypto currency exchange from the LMAX Group, which operates an FCA regulated trading venue. Leveraging LMAX Group technology and liquidity relationships, LMAX Digital delivers a 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). LMAX Digital is regulated by the Gibraltar Financial Services Commission (GFSC) as a DLT provider for execution and custody services.