LMAX Group Introduces Perpetual Futures Trading
In a significant move, LMAX Group, a leading player in the financial technology sector, has launched its perpetual futures offering for Foreign Exchange (FX) and digital assets. This move comes as perpetual futures enter a new phase of legitimacy and scale, with regulatory clarity becoming more evident.
The surge in trading volumes for perpetual futures last year, totalling an impressive $60 trillion, underscores the growing interest in these financial instruments. LMAX Group's activities related to Perpetual Futures are overseen by the Financial Conduct Authority (FCA), the UK's primary regulatory body.
Jenna Wright, Managing Director of Digital Assets at LMAX Group, has described the launch of perpetual futures as a natural extension of their commitment to providing a comprehensive suite of digital asset trading solutions. Initially, LMAX has launched BTCUSD and ETHUSD pairs for perpetual futures trading, with more pairs to be added in the future. All contracts are USD settled.
The introduction of perpetuals by LMAX Group reinforces their position as a trusted partner in the digital asset space. David Mercer, CEO of LMAX Group, stated that the launch enables clients to participate in digital asset derivatives with confidence. Jenna Wright is expressing excitement about the opportunities that the launch of perpetual futures brings for LMAX Group's clients.
Institutional demand for sophisticated, secure digital asset products continues to grow, and LMAX's perpetuals offering has been built on its trusted, regulated infrastructure. With this move, investors can now access LMAX's renowned liquidity and unique global distribution with greater leverage.
The launch of perpetual futures by LMAX Group is a testament to their commitment to innovation and their understanding of the evolving needs of the market. As regulatory clarity continues to improve and institutional demand grows, it's expected that we'll see more players in the industry following suit.
