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Issue #248Subscribe free

LMAX Digital

LMAX Digital Broker Limited offers DLT execution and custody for institutional cryptocurrency trades.

Licence, read on the register

RegulatorLicence numberJurisdictionTierSource
GFSCFSC1342BGibraltartier-2open source

Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme. Rows without a tier are recorded without classification rather than guessed.

Where the published model fits

  • Institutional cryptocurrency trading
  • DLT execution services
  • Custody solutions for digital assets

Watch for

  • Self-measured claims on volume and liquidity
  • Tier 2 license limitations

LMAX Digital is regulated by the Gibraltar Financial Services Commission under licence FSC1342B. The firm claims to be an institutional spot cryptocurrency exchange, though its volume and liquidity assertions are self-measured. As a tier 2 licensee, its operational scope may be limited compared to higher-tier entities.

Testable claims

  • LMAX Digital is a trading name of LMAX Digital Broker Limited, authorised and regulated by the Gibraltar Financial Services Commission, licence FSC1342B (Gibraltar company 117528) — stated on lmaxdigital.com
  • Regulated by the GFSC as a DLT provider for execution and custody services
  • Custody uses a tiered offline wallet system based on cold wallets and vault storage

Claims that remain the venue's own measurement

  • 'The institutional spot cryptocurrency exchange' positioning and volume/liquidity claims are the firm's own marketing

www.lmaxdigital.com

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