London LMAX Group will provide institutions with 100x leverage cryptocurrency trading betting service

PANews September 17th news, according to Bloomberg, London-based LMAX Group is joining the ranks of more exchanges that provide leveraged cryptocurrency trading for institutional clients, as trading venues provide speculative market betting services to Wall Street and elsewhere. The company, which handles an average daily spot trading volume of currency and digital assets, is now launching cash settlement contracts pegged to Bitcoin and Ethereum. These products, called perpetual futures, allow traders to hold positions indefinitely without rolling. LMAX CEO David Mercer said the company's perpetual contract allows investors to increase leverage by up to 100 times.