Institutional spot crypto currency exchange LMAX Digital, part of London’s LMAX Group, has announced that trading volumes hit a record $61 billion in January 2021. That marks a significant increase from last year, when in Q1-2020 LMAX Digital reported a total of $20 billion of volumes, or just $6.7 million monthly.

The $61 billion figure also represented a 114% increase over December 2020 activity.

In January LMAX Digital facilitated 8.75 million trades (54% MoM increase), with a total of 1.37 million BTC traded. The company saw a daily record $3.8 billion of trading volume on January 8.

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.