LMAX Partners With Financial Services Group SIX to Launch Crypto Futures Product

Institutional cryptocurrency exchange LMAX has announced a partnership with Swiss financial services group SIX to launch cash-settled, centrally cleared crypto-asset futures.
With the increasing institutional adoption of crypto trading, LMAX Group CEO David Mercer reveals that the company will complete its offering by adding digital asset futures to its portfolio through the latest partnership.
LMAX-SIX’s New Crypto Product Offering
Based on regulatory approval, LMAX said the launch is expected in Q3 2022. As per the official press release, the product will initially include centrally cleared USD settled Bitcoin and Ethereum futures. It will trade for 23 hours, five days a week. However, the fintech firm plans to eventually extend the roll-out to 24/7 trading.
LMAX stated,
“The partnership, which leverages the expertise of two leading market players, is set to deliver a superior crypto offering and is expected to receive immediate uptake from existing LMAX Group clients as the digi

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