London -based firm LMAX Group has entered the Leveraged Market Derivatives Market, which opens eternal contracts with futures tied to Bitcoin and Ether aimed at institutional clients.
The exchange, which averages more than $ 40 billion in the daily volume of the area throughout FX and Digital Assets, said the move is driven by the client’s demand for high-leverage access to crypto markets, According to In a Wednesday’s Wednesday report.
“Eternal futures have ruled the crypto market for the last three or four years,” said LMAX CEO David Mercer. “Our institutional clients, including leading companies of ownership and brokers, are looking for that kind of exposure,” Mercer added.
Perpetuals are a type of financial derivative performing such a traditional contract with futures but no expiration date. The LMAX offer will allow as much as 100x leverage. LMAX runs forex brokers in the UK, Europe, New Zealand and Mauritius, every website.
The Cointelegraph reached the LMAX group for comment, but did not receive a response by publishing.
Related: High Risk, High Rewards: Crypto Perpetual Futures get momentum in the US
Perps dominates the amount of trade in crypto
Perpetual Futures lead the crypto trading activity, which costs 68% of all Bitcoin (Btc) volume to today in 2025, from 66% last year, According to Kay Kaiko.
Top exchanges such as Binance, Bybit and OKX hold almost 70% of the open interest in these products, with sun -sun volumes between $ 10 billion and $ 30 billion, and peak days reaching a high $ 80 billion in Binance only, per Kaiko.
According to CoinMarketCap DataPerpetuals have dominated the trading of crypto derivatives in the past 24 hours with $ 1.39 trillion in volume, which has exceeded traditional futures contracts, seeing only $ 670.61 million.
Meanwhile, every Data From Defillma, the decentralized ongoing platforms are collectively processed by $ 20.5 billion in 24-hour volume, with a 30-day total topping $ 683.5 billion, reflecting a 16.84% weekly climb. Hyperliquid has only contributed more than $ 65 billion in seven days.
Related: Crypto per futures to come ‘soon,’ says CFTC’s Mersinger
Perpers came to the US
LMAX Group pushing in the crypto derivatives market arises as major US areas Move to offer access to retail in eternal futures. Coinbase started offered customers in the US in July, and the CBOE Plans To launch its version in November.
In April, also a trade in Europe launched MIFID II-following perpetuals, although the offer is limited to institutional clients. The platform plans to expand the product to the right retail clients.
