Financial institution LMAX Group introduces continuous futures contracts
In a strategic move to strengthen its position in the digital asset market, the LMAX Group has announced the launch of its perpetual futures offering. This decision, according to Managing Director of Digital Assets at LMAX Group, Jenna Wright, is a natural extension of their commitment to providing comprehensive digital asset trading solutions.
Jenna Wright expressed enthusiasm about the opportunities presented by the launch, stating that it enables investors to access LMAX's renowned liquidity and unique global distribution while utilizing greater leverage with perpetual futures. The CEO of LMAX Group, David Mercer, echoed this sentiment, stating that the launch enables clients to confidently participate in digital asset derivatives and capitalize on crypto market momentum.
The launch of perpetual futures is seen as a significant step in LMAX Group's digital asset offerings. Perpetual futures, a new addition to LMAX's product portfolio, are built on its proven track record in digital asset infrastructure. The institution's perpetuals offering is built on its trusted, regulated infrastructure, ensuring precise execution and transparent price discovery.
The initial pairs launched are BTCUSD and ETHUSD, with more pairs to be added. All contracts are USD settled. This move further diversifies LMAX's client offering and is another milestone in building the leading global cross-asset marketplace.
The introduction of perpetual futures by LMAX Group reinforces their position as a trusted partner in the digital asset space. Jenna Wright is excited about the opportunities that the launch of perpetual futures brings for LMAX Group's clients. The launch of the perpetual futures product further reaffirms LMAX Group's position in the digital asset space.
Institutional demand for sophisticated, secure digital asset products continues to grow, presenting a significant market opportunity in perpetual futures trading. The launch of perpetual futures by LMAX Group is another example of the institution's ongoing commitment to the digital asset space.
Perpetual futures are entering a new phase of legitimacy and scale as trading volumes totalled $60 trillion last year. This launch is considered a part of LMAX Group's commitment to providing a comprehensive suite of digital asset trading solutions. The announcement was made by LMAX Group's CEO, David Mercer, as well as other representatives including Jenna Wright, Managing Director of Digital Assets at LMAX Group.
In summary, the launch of perpetual futures by LMAX Group is a strategic move to strengthen their position in the digital asset market. It provides investors with a new opportunity to participate in digital asset trading with greater leverage and access to LMAX's renowned liquidity and unique global distribution. The launch further reaffirms LMAX Group's position as a trusted partner in the digital asset space and reinforces their commitment to providing a comprehensive suite of digital asset trading solutions.
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