LMAX to Launch Exchange For Institutional Investors

British tradinng company opens exchange for institutional investors in response to requests from clients wishing to access cryptocurrencies
22 May 2018   1087

British trading company LMAX opens a cryptocurrency exchange for institutional investors,  Business Insider reports.

LMAX Digital was opened in response to requests from LMAX customers wishing to access cryptocurrencies. Users of the new site will be able to trade bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash 24 hours a day, 7 days a week.

We are furthering the legitimization of the cryptocurrency market by offering institutions a platform on which to acquire, trade, and hold cryptocurrencies securely with high quality, deep liquidity.

David Mercer

CEO, LMAX Exchange

The exchange will offer a service for storing cryptocurrency, thus solving one of the main problems of large investors in this market.

LMAX Exchange was founded in 2010 as a trading platform with support for a variety of assets and has since processed transactions for $ 10 trillion.

We've applied everything we've learned in the institutional FX market to LMAX Digital, to create a fundamentally improved, secure digital exchange based on our proven trading technology, market-leading liquidity, and transparent and precise execution.

David Mercer

CEO, LMAX Exchange

Initially, LMAX Digital will work from London, but in the future the company plans to locate its data centers in New York and Tokyo in order to improve the quality of service for investors in these regions.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   153

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.