LMAX Digital lists Ripple USD 19 March 2015US Reporter: Jack McRae
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LMAX Digital, LMAX Group’s institutional spot cryptocurrency exchange, has added the stablecoin Ripple USD to its list of trading instruments.
Commenting on the listing, Chris Knight, managing director at LMAX Digital, says: "The introduction of this fully regulated, USD-backed stablecoin aligns with our commitment to provide institutional clients with secure and transparent market access to the most liquid digital assets.
“LMAX Digital remains at the forefront of fostering institutional participation in the digital assets market, providing global distribution and consistent and precise execution through seamless trading solutions and infrastructure."
Ripple USD is backed by US dollar deposits, short-term government bonds, and cash equivalents, that aim to provide stability and liquidity for institutional traders.
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