David Mercer, CEO, LMAX Group

CEO of LMAX Group David Mercer said the firm has become the primary price discovery venue, having grown to command a sizable portion of the spot cryptocurrency market. LMAX Digital has seen 41.9% growth from Q4’19 to Q1’20. Its volume in Q4’19 was $14.0 billion while in Q1'20, it reached $19.8 billion.

Mercer discussed the firm's recent growth and what it's been like to operate a digital asset exchange in the midst of the ongoing financial and health crisis. The Block's Frank Chaparro and Mercer also explore:

• How the firm coped with rising volatility and maintained liquidity on its venue in the midst of whipsawing crypto markets
• The differences between how traditional markets have held up during the COVID-19 crisis relative to crypto 
• Why LMAX needs more asset managers, fund managers to get involved in crypto for it to go head to head with retail exchanges
• What traditional markets can learn from crypto 
• Why banks may not care about crypto yet, but their customers are asking questions 

Full Episode Post