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   682

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.

Xapo to Move from Hong Kong to Switzerland

According to Ted Rogers, Xapo president, Switzerland is the best place for crypto companies
23 January 2019   78

The well-known cryptocurrency company Xapo has decided to move the majority of units from Hong Kong to the Swiss “Cryptowalley”, BitcoinExchangeGuide reports.

The main structures of Xapo have worked in Hong Kong for several years. Nevertheless, the company is convinced that Switzerland has a more friendly legal infrastructure in relation to cryptocurrencies. This, Xapo believes, will enable the company to improve the quality of services and better comply with regulatory requirements.

It was one thought that Hong Kong was the holy grail of crypto regulations. But it has become more opaque. It’s a reality of this industry that you have to be agile and react to regulatory changes all the time. Swiss regulators are smart, interested and sophisticated in dealing with the financial markets. 
 

Ted Rogers

President, Xapo

Also, according to him, Switzerland is the best place to create cryptocurrency and blockchain companies.

Currently, Xapo has about 250 employees. At the same time, only 10 of them work in Zug.