London LMAX will offer institutions 100x leverage cryptocurrency betting

According to Coinjie.com, London-based LMAX Group is joining the ranks of more and more exchanges to provide leveraged cryptocurrency trading for institutional clients as trading venues are turning to providing speculative market bets for Wall Street and beyond. The company, which handles an average of more than $40.00 billion in spot trading volumes of currency and digital assets per day, is currently launching cash settlement contracts linked to Bitcoin and Ether. These products (called perpetual futures) allow traders to hold positions indefinitely without having to roll them out.