LMAX Launches Institutional Cryptocurrency Exchange, Might Realize McAfee’s Expected Bull Force
The first crypto exchange has been launched by the LMAX Exchange group that will serve the institutional clients. With this crypto exchange and Coinbase’s institutional investors’-focused products, we might be in for a bull rally as stated by John McAfee who is expecting crypto prices to go through the roof soon.
First institutional cryptocurrency exchange offers BTC, ETH, XRP, BCH, & LTC
LMAX Exchange Group has launched the first physical cryptocurrency exchange aimed towards institutional clients on May 21 according to their press release.
The CEO of LMAX Exchange, David Mercer said:
“We are furthering the legitimisation of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity.”
Initially, only the most established and liquid cryptos viz. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC) will be offered.
The press release further states that trading will be available 24/7 and will be
“governed by similar rules and principles as LMAX Exchange’s FCA regulated MTF”.
As per Mercer their exchange has institutional clients in over 100 countries and has been trading over $10 trillion of FIAT. Moreover, they will launch the exchange in other cities and countries as well like New York and Tokyo.
Mercer emphasizes:
“The rise of institutional trading of cryptocurrencies will be a game-changer for the industry. We believe our new exchange will support the transformation of the crypto market from the fringes to the mainstream. Digital currencies are, without a doubt, coming of age. Exchanges will play a crucial role in bringing the major cryptocurrencies into wider circulation, helping them to become accepted into conventional funds which in turn will help to support a normalization of value.”
Also, read: Zimbabwe’s Biggest Crypto Exchange Ordered to Shut Down, Drags RBZ to Court
John McAfee expects crypto prices to go through the roof
Institutional investors have recently started gaining a lot of interest in the cryptocurrency market. No doubt, when these investors immerse themselves completely into the market, they would bring an immense flow of funds with them.
Recently, Coinbase introduced a suite of products primarily for institutional investors and now LMAX has launched a crypto exchange for these investors. Given these facts and developments, McAfee’s tweet of an upcoming bull run holds meaning.
Currently, the entire market is bleeding red, with Bitcoin dropping below $8k level while Ethereum, XRP, and Bitcoin Cash registering the dip of 9.48%, 6.92, and $9.41% respectively.
The speed at which institutional investors are entering has been slow which is primarily due to the lack of any regulations. However, it is certainly gaining momentum as evident from Goldman Sachs making plans to open bitcoin trading and the establishment of trusted custodial services.
We might soon see bulls charging the cryptocurrency market, though that remains to be seen.
Do you think a bull rally is on its way? Share your thoughts with us!
- Breaking: Crypto Market Crashes as Trump Imposes 100% Tariff on China
- ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies
- Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
