London’s LMAX to Offer 100X-Levered Crypto Bets for Institutions

London-based LMAX Group is joining a growing list of exchanges offering leveraged crypto trades for institutional clients, as trading venues move to offer speculative market bets for Wall Street and beyond.

The firm, which handles more than $40 billion in daily spot volume on average across currencies and digital assets, is launching cash-settled contracts tied to Bitcoin and Ether. The products — known as perpetual futures — allow traders to hold positions indefinitely without rolling them forward.