Coinbase Has Set a High Bar for Crypto Firms Looking to List, Says Institutional Rival
CEO of LMAX Group David Mercer says Coinbase’s “gutsy” listing sets a benchmark for risk management and operational disclosure.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
LMAX will provide foreign exchange and crypto trading data.
The stake values LMAX, which operates exchanges for forex and crypto trades, at $1 billion.
LMAX Digital says many institutional clients saw last week's crypto crash as "an opportunity to buy."
On May 19, bitcoin-dollar volumes set records on some markets accessible to U.S. investors.