LMAX Digital Hits New Peak
Posted by Colin Lambert. Last updated: February 25, 2021
LMAX Digital reported a new daily volume high on February 23 with just under $4.4 billion worth of cryptocurrency trading on the exchange. The previous high was just over $3.7 billion on January 8, 2021.
The new high came as bitcoin led cryptocurrencies lower, the main crypto dropping from the $55,000 mark to under $45,000 at one stage on February 23.
The new high has capped a strong February for the cryptocurrency platform, the first 23 trading days saw average daily value of $1.73 billion per day. Even accounting for the dramatic rise in the value of bitcoin over the sale period, this represents serious growth from $247 million per day for the first 23 trading days of February 2020.