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LMAX Group Debuts 100x Leveraged Bitcoin & Ethereum Perpetual Futures for Institutions

Fintech powerhouse LMAX Group is entering the crypto derivatives market, unveiling Bitcoin and Ethereum perpetual futures with up to 100x leverage designed specifically for institutional investors.

  • Products target institutional traders, settled in USD through bank rails.
  • Uses Pyth Network as the price oracle and an established FX risk management framework.
  • Perpetual futures dominate crypto trading, making up ~68% of BTC volume in 2025.
  • Move aligns with growing global demand for high-leverage crypto derivatives.

London-based fintech firm LMAX Group has officially stepped into the leveraged crypto derivatives arena, announcing perpetual futures contracts for Bitcoin and Ethereum that cater to institutional clients. The new offering allows traders to take positions with as much as 100x leverage, a notable jump into high-stakes crypto trading.

LMAX, which processes over $40 billion in daily spot volume across foreign exchange and digital assets, said this expansion is driven by strong client demand for advanced crypto trading tools. The contracts will be USD-settled and priced using multiple institutional liquidity providers, with the Pyth Network providing pricing data.

A company spokesperson highlighted that the leverage is supported by LMAX’s 15 years of risk management expertise in leveraged FX and CFDs. “The funding rate reflects the weighted average price difference between the perpetual future and the spot price and is applied every eight hours to align with spot pricing,” they explained.

Perpetual futures, or “perps,” have become the backbone of crypto trading. They accounted for 68% of Bitcoin trading volume in 2025, up from 66% last year, according to Kaiko. Leading platforms such as Binance, Bybit, and OKX dominate the space with daily volumes reaching as high as $80 billion on peak days.

Decentralized perpetual platforms are also surging, with DefiLlama reporting $20.5 billion in 24-hour trading volume and a 30-day total of $683.5 billion, showing a weekly growth of nearly 17%.

Perpetuals dominated crypto derivatives trading. Source: CoinMarketCap

LMAX’s entry follows a broader trend: Coinbase began offering perps to U.S. retail customers in July, and the CBOE plans to launch a similar product in November. Europe’s One Trading has also rolled out MiFID II-compliant perps for institutional investors.

Final Thought

LMAX’s move signals that institutional demand for high-leverage crypto derivatives is accelerating, reinforcing perpetual futures as a cornerstone of the global digital asset market.

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