Newly launched crypto exchange LGO offers an unusual approach to trading for institutional clients

LGO Markets, a new crypto exchange for institutional investors, has officially launched today, CoinDesk reports. Users can start setting up their accounts and send funds, but spot trading in bitcoin will commence on March 11. Hugo Renaudin, LGO Markets CEO, said 10 institutional clients have already been secured, including over-the-counter trading desks and hedge funds, while 56 are at the on-boarding stage. By consulting with crypto-friendly banks, Renaudin said, “There are roughly 400 institutional clients that are currently trading in the cryptocurrency market.”

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