Search results for LMAX Group
Crypto
LMAX Group CEO says crypto needs more centralisation to grow
LMAX Group CEO David Mercer said the cryptocurrency industry needs more centralisation to move to its next stage of growth. He said centralisation solves coordination problems and enables optimal pricing when buyers and sellers join a single central market. Mercer said decentralisation experiments have historically converged on central coordination points as volatility rises. He added that crypto lacks key traditional finance infrastructure such as credit relationships, clearing brokers and prime brokerage.
Finance
Ripple secures $200 million debt facility to expand Ripple Prime
Ripple has secured a $200 million debt facility from investment manager Neuberger Berman, with the funds to be used to grow Ripple Prime, a multi-asset prime brokerage platform aimed at U.S. institutional clients. The facility will be provided by Neuberger Berman Specialty Finance. Ripple plans to expand Ripple Prime’s credit capacity and improve service responsiveness and capital efficiency for institutional customers.
Crypto
LMAX launches Omnia Exchange linking FX, crypto and blockchain payments
LMAX Group has launched Omnia Exchange, a platform connecting FX, cryptocurrency and digital asset trading, Cointelegraph reported on Feb. 10. The platform supports blockchain payments and enables institutional investors to exchange assets in real time. Built on LMAX exchange technology and liquidity pools, it lets institutions swap multiple assets through a single API and settle trades via traditional financial networks or blockchain.
