Contextualizing LMAX Digital's record-breaking year

Quick Take

  • Institutional spot exchange LMAX Digital is seeing record volumes as interest soars
  • LMAX Digital has the second-highest monthly volume of all exchanges that support fiat currencies
  • Its average trade size is more than three times higher than the trailing Bitstamp
Bitcoin and Ethereum are having a really good year; Bitcoin’s price has increased 156.5% YTD while Ethereum soared 348.0%. PayPal’s crypto offering is already generating “2–3x expected demand,” and Cash App generated $1.6 billion worth of bitcoin sales in 3Q (representing ~90% of all cumulative sales prior to that). Moreover, 2020 appears to be the […]

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