LMAX has expanded its trading platform by introducing Ripple USD (RLUSD), a new stablecoin. This move strengthens LMAX’s position as a leading provider in institutional digital asset trading. Now, with the integration of Ripple USD, users and investors can enjoy market efficiency, transparency, and liquidity.
According to an announcement by the LMAX Group, the firm emphasized that the expansion is a step in its broader strategy of providing institutions with efficient and transparent systems.
Already one of the fastest-growing firms in institutional trading, LMAX Group is known for providing high-performance trading services and liquidity.
LMAX Group: Achievements
Back in October 2024, the company announced its acquisition of the FX HedgePool, an institutional swapping service. According to the firm at the time, this move was a huge step in the company’s plans to establish itself in the institutional trading sector.
LMAX Group CEO David Mercer believed that the acquisition of FX HedgePool would lead to a combined user base that would enjoy access to more products and services. The FX HedgePool is known for its expertise in FX swaps and transactions. Its features perfectly complement the LMAX Group’s technology and trading processes.
12 months earlier, the firm acquired Curex, a company specializing in institutional foreign exchange services and data analysis. However, the financial details of the acquisition remain unknown.
These acquisitions align with its mission to establish itself as an institutional foreign exchange firm in the international market. Now, its integration with Ripple USD will offer a new experience for new and existing investors.
Interestingly, some analysts are linking XRP’s recent price performance to the integration of Ripple USD. The XRP price has risen 12% in the last 24 hours and 13% in the last week.
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