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   332

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.

BitForex to be Suspected of Fraud Due to MFG Delisting

After 13 days of trading, crypto-exchange froze trading of this coin without a warning
14 August 2018   80

Users of the BitForex exchange have suspected the platform management in fraud after the platform has delisted the SyncFab (MFG) token without any explanation. This is reported by Cryptovest.

On July 18, at a recently opened BitForex exchange, trading of the own token of the SyncFab blockchain platform started. After 13 days, crypto-exchange froze trading of this coin without a warning. According to users, BitForex still retains part of the deposit funds in order to further steal tokens.

In turn, commenting on the situation, SyncFab representatives refer to vulnerabilities of unknown character in the smart contract of the token.

BitForex has a lot of tokens listed, however, not everything can be found through the search. The main page of the platform lists only coins with active trades.

Price of the MFG coin fluctuates around $ 0.0059. Token is traded on the IDEX, Cobinhood, CoinExchange, Bancor Network. In August, the leading company in the field of bitcoin-security and the provider of the popular BitGo wallet announced support for MFG.