Institutional crypto exchange LMAX Digital marked its biggest trading day of the year last week as markets bounced
Mercer is the CEO of LMAX Group, a global, high-growth financial technology company based in London
The first major institutional exchange to join Pyth network in June 2021 was LMAX Group, a leading operator of execution venues for FX and cryptocurrency trading.
Retail exchanges typically aren’t equipped to provide the kind of trading environment that institutions demand.
Deal values LMAX Digital parent LMAX Group at $1 billion, and will be used for international expansion.