CMC News

#LMAX Group Debuts Institutional #Crypto Perpetuals

#London-based LMAX Group has launched leveraged perpetual futures contracts for institutional clients. The fintech company introduced $BTC and $ETH derivatives with up to 100x leverage capabilities.

Daily spot volume across foreign exchange and digital assets averages over $40 billion for the exchange. Client demand drove the decision to enter the crypto derivatives market, according to company executives.

CEO David Mercer noted that perpetual futures have dominated cryptocurrency markets for several years. Top proprietary trading firms and brokers specifically requested this type of exposure through LMAX platforms.

Perpetual contracts function like traditional futures without expiration dates. The derivatives allow institutional investors to maintain leveraged positions indefinitely with periodic funding rate adjustments.

#Perpetuals account for 68% of all $BTC trading volume in 2025, up from 66% the previous year. Leading exchanges like Binance, Bybit and OKX control nearly 70% of open interest in these products.

Daily perpetual volumes typically range between $10 billion and $30 billion across major platforms. Peak trading days have reached as high as $80 billion on #Binance alone, according to market data.

LMAX operates forex brokers across the United Kingdom, Europe, New Zealand and Mauritius. The company's institutional focus differentiates it from retail-oriented cryptocurrency exchanges.

Decentralized perpetual platforms recently processed $20.5 billion in 24-hour volume. Monthly totals exceeded $683.5 billion with significant weekly growth across DeFi protocols and platforms.