The exchange is yet to surpass its peak records from around June 2021.
Is the crypto markets rally sustainable or a dead cat bounce?
LMAX Digital, an institutional spot cryptocurrency exchange and part of UK-headquartered LMAX Group, hit its peak volume so far in 2022 on Thursday.
“Volumes on our institutional crypto currency exchange, LMAX Digital soared to the highest levels of the year on Wednesday and Thursday, coming in at $2.10 billion and $3.25 billion, respectively,” LMAX Group wrote on LinkedIn.
LMAX’s record comes as the cryptocurrency market begins to rebound after plunging in the last few days.
For instance, American cryptocurrency exchange, Coinbase, has seen its stocks rise by 8.9% in 24 hours on Thursday, closing the trading day at $58.50 on NASDAQ.
While Bitcoin rose above $30,000 on Friday after plunging below $26,000 during the market crash, Ether has climbed 9.7% over the past 24 hours, hitting a daily high of $2,128, according to CoinMarketCap’s update.
Data on LMAX’s website shows that the recent reported jump in its daily volumes is the highest recorded by the exchange tracing as far back as December 2021.
However, a broader view of its yearly data reveals that the exchange is yet to surpass its peak records of daily volumes from around June 2021.
Meanwhile, CF Benchmarks, a cryptocurrency index provider regulated by the UK’s Financial Conduct Authority, in March announced its intention to add market data from LMAX Digital to its benchmarks.
The index provider said LMAX’s data will contribute to six of its cryptocurrency indices effective from May 3, thereby significantly enhancing its index data.
These benchmarks include some of the widely used Bitcoin and Ethereum indices with over $5 billion in referenced assets.
LMAX Digital, an institutional spot cryptocurrency exchange and part of UK-headquartered LMAX Group, hit its peak volume so far in 2022 on Thursday.
“Volumes on our institutional crypto currency exchange, LMAX Digital soared to the highest levels of the year on Wednesday and Thursday, coming in at $2.10 billion and $3.25 billion, respectively,” LMAX Group wrote on LinkedIn.
LMAX’s record comes as the cryptocurrency market begins to rebound after plunging in the last few days.
For instance, American cryptocurrency exchange, Coinbase, has seen its stocks rise by 8.9% in 24 hours on Thursday, closing the trading day at $58.50 on NASDAQ.
While Bitcoin rose above $30,000 on Friday after plunging below $26,000 during the market crash, Ether has climbed 9.7% over the past 24 hours, hitting a daily high of $2,128, according to CoinMarketCap’s update.
Data on LMAX’s website shows that the recent reported jump in its daily volumes is the highest recorded by the exchange tracing as far back as December 2021.
However, a broader view of its yearly data reveals that the exchange is yet to surpass its peak records of daily volumes from around June 2021.
Meanwhile, CF Benchmarks, a cryptocurrency index provider regulated by the UK’s Financial Conduct Authority, in March announced its intention to add market data from LMAX Digital to its benchmarks.
The index provider said LMAX’s data will contribute to six of its cryptocurrency indices effective from May 3, thereby significantly enhancing its index data.
These benchmarks include some of the widely used Bitcoin and Ethereum indices with over $5 billion in referenced assets.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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