3:58:13 AM PDT - Thursday, September 29th, 2022

Institutions investing in crypto haven’t ‘wavered one inch,’ LMAX CEO says  

By Editor - Thu Sep 15, 12:22 pm

Institutions are unbothered by crypto assets continuing to trade far below all-time highs, LMAX Group CEO David Mercer told TechCrunch. Even though the total crypto market capitalization has fallen from over $2 trillion at the beginning of the year to about $1 trillion today, institutional investors “haven’t wavered one inch,” Mercer said. “It hasn’t gone backward,” Mercer said. After the chaos surrounding crypto lending platforms like Celsius and BlockFi and the collapse of the Terra LUNA ecosystem in May, everyone expected institutions to retract their engagement, Mercer said. But institutional engagement today is the same as last year, and “may even be better,” Mercer commented. Institutions are moving ahead, he added. “The herd is inching forward.” In 2018, the company launched LMAX Digital, an institutional cryptocurrency exchange.

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Institutions investing in crypto haven’t ‘wavered one inch,’ LMAX CEO says

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