LMAX has expanded its trading platform by introducing Ripple USD (RLUSD), a new stablecoin. This move would strengthen the 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 move to provide 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, LMAX Group 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 their mission to establish itself as an institutional foreign exchange firm in the international market. Now, its integration with Ripple USD will offer a whole new experience for both new and existing investors. Interestingly, some analysts are connecting the recent price performance of XRP to the integration of Ripple USD. The XRP price has seen a 12% rise in the last 24 hours, with a 13% increase in the last week.
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