LMAX Group, an operator of institutional exchanges for FX and crypto currency trading, has reported record performance during its fiscal year 2021 ended on 31 December 2021.
The company reported that gross profit reached $106 million during last year, registering a 78% climb compared to 2020.
Statutory EBITDA stood at $62 million, registering a 103% surge compared to the previous year. Additionally, EBITDA margin increased 58% during last year.
The Group’s trading volumes increased 20% compared to the previous year to $5.4 trillion.
Furthermore, LMAX reported that its gross revenue also jumped 80% YoY.
The Group explained that it saw growth in “institutional market share in both traditional FX and crypto currency markets, despite volatility and downward pressure on volumes.”
In 2021, LMAX Digital volumes reached more than $500 billion, according to the Group.
David Mercer, CEO of LMAX Group, commented:
We continued to grow our share of both the institutional FX and crypto market and saw a meaningful increase in adoption of crypto assets by institutions, with more than 600 now actively trading on LMAX Digital.
Meanwhile, LMAX Group partners with SIX Swiss Exchange to launch cash-settled, centrally cleared crypto-asset futures.
