Bitcoin and other cryptocurrencies are consolidating near recent highs.
The stake values LMAX, which operates exchanges for forex and crypto trades, at $1 billion.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
LMAX will provide foreign exchange and crypto trading data.
LMAX Digital says many institutional clients saw last week's crypto crash as "an opportunity to buy."
CEO of LMAX Group David Mercer says Coinbase’s “gutsy” listing sets a benchmark for risk management and operational disclosure.
The GameStop saga highlighted the "middleman" issues with services like Robinhood. But the data shows crypto exchanges have their own problems.
Standard Chartered has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market, according to sources.
Bitcoin’s flash crash on Thursday triggered the most long-short liquidations on crypto derivatives exchange BitMEX in 16 months.