One of the largest ways in which institutions interact with financial markets is through foreign exchange. LMAX Group provides electronic trading opportunities for institutions as well as cryptocurrency trading. CEO David Mercer discussed his views on the future of crypto on CNBC. Mercer said that Bitcoin reaching new highs is “inevitable” because of institutional investment, which outweighs selling pressures. He noted that about 900 Bitcoin are mined per day, which is worth between $60 million and $70 million, as opposed to inflows into the exchange-traded funds (ETFs), which reached nearly $…
