<p><span>The Bank for International Settlements (BIS) and the Bank of England today launched the BIS Innovation Hub London Centre, the fourth new Innovation Hub Centre to be opened in the past two years.</span></p>
If central banks launch digital versions of their currencies it would be one of the biggest innovations in central bank history, Bank of England Governor Andrew Bailey said on Friday.
David Mercer s LMAX exchange hits a record high in cryptocurrency trades as it targets institutional investors
5 June 2021 • 5:00am
Shepherd’s Bush may be better known for its retail prowess than its cryptocurrency credentials, but hidden just across the A3220 from Westfield shopping centre is the headquarters of the world’s largest institutional crypto exchange: LMAX Group.
The little-known company, headed up by ex-banker David Mercer, was spun out of Betfair in 2012. Its main business is foreign exchange, but its move to the crypto market in 2018 has proved far more lucrative than Mercer could have ever imagined.
In May, a record $74bn (£52.2bn) was traded on LMAX Digital, the group’s crypto platform, compared to less than $5bn a month this time last year.
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