London-based LMAX Group will offer institutional investors 100x leverage crypto trading.

The London-based LMAX Group is joining the ranks of exchanges increasingly offering leveraged cryptocurrency trading for institutional clients. Currently, various trading platforms are gradually providing speculative market trading options for Wall Street and other investors. The group's daily spot trading volume in the forex and digital asset fields exceeds $40 billion, and it is now launching cash-settled contracts linked to bitcoin and ethereum. These products, known as "perpetual futures contracts," allow traders to hold positions indefinitely without the need for rollover operations. According to a report from industry professional institution Kaiko, as of mid-June, such contracts accounted for 68% of bitcoin trading volume. LMAX Group CEO David Mercer said, "Over the past three to four years, perpetual futures contracts have been dominant in the cryptocurrency market. We have learned from our customers that they are seeking to enter the cryptocurrency market through leverage."