By Staff Writer
LMAX Group has launched perpetual futures contracts for Bitcoin and Ethereum, settled in USD.
The move expands LMAX’s regulated digital asset offering, built on its institutional-grade infrastructure.
Executives say the launch marks a milestone in diversifying services and responding to strong client demand.
LMAX Group, the London-based fintech known for its cross-asset marketplaces in FX and digital assets, has officially rolled out perpetual futures contracts, starting with two pairs, BTCUSD and ETHUSD pairs.
Perpetual futures, which have no expiry date, dominate the crypto derivatives space and now account for the majority of Bitcoin trading volumes worldwide. With these products, LMAX is giving institutional investors access to high-leverage crypto trading within the same regulated infrastructure that already processes more than $40 billion in daily FX and digital asset flow.
David Mercer, CEO at LMAX Group, said the offering opens the door for clients to participate in crypto markets with confidence:
“This launch enables our clients to confidently participate in digital asset derivatives and capitalise on crypto market momentum through the same trusted, regulated institutional trading infrastructure that handles over US$40 billion average daily spot FX and digital assets flow. This product further diversifies our client offering and is another milestone as we build the leading global cross-asset marketplace.”
The contracts that are settled in USD, provide leverage and enhanced liquidity to trading firms, asset managers and brokers seeking exposure to crypto without leaving the safeguards of a regulated platform.
Jenna Wright, Managing Director of Digital Assets at LMAX Group, added:
“Launching perpetual futures is a natural extension of our commitment to providing our clients with a comprehensive suite of digital asset trading solutions. The introduction of perpetuals reinforces our position as a trusted partner in the digital asset space, and we are excited about the opportunities that it brings for our clients.”
LMAX’s move comes as other regulated players, including Coinbase and Cboe, expand into perpetual futures, signaling a broader industry shift. Originally seen as speculative tools, perpetuals are now being adapted for compliance, liquidity and capital efficiency, which are making them increasingly attractive to institutions.
With Binance, Bybit and OKX still dominating global perpetuals volumes, LMAX is carving out a niche by offering institutions a regulated, transparent alternative. The launch also underscores the growing integration of digital assets into traditional finance, with perpetuals providing another step toward legitimizing crypto as part of institutional portfolios.
Retail broker Axi also recently announced it is dipping its toes fiat-settled crypto perpetual contracts, designed to provide a more transparent and secure alternative to the stablecoin-based systems
