Institutional cryptocurrency exchange provider LMAX Group has introduced Omnia Exchange, designed to allow users to seamlessly convert currencies, cryptocurrencies, stablecoins and other digital assets on a single platform, the company said on Tuesday.
Described as a “unified multi-asset infrastructure layer,” Omnia allows users to trade any asset directly against any other 24/7 with no size or type restrictions, and be established on traditional rails or instantly on the blockchain, according to a press release.
LMAX’s cryptocurrency-focused business has long been a major player when it comes to institutional cryptocurrency trading, reporting $8.2 trillion in institutional volume last year.
While LMAX Digital is an institutional cryptocurrency execution venue and custodian, focused on crypto-FX pairs, Omnia aims to bring together FX, cryptocurrencies, stablecoins and other digital assets under one roof, allowing any asset to be traded directly against any other (not just crypto vs fiat), an LMAX spokesperson said via email.
LMAX CEO David Mercer said Omnia “crosses the rubicon” between traditional markets and digital markets.
“Omnia Exchange is the foundation of a new paradigm in capital markets that offers institutions the ability to exchange any asset, anytime, anywhere,” Mercer said in a statement. “By opening access to wholesale foreign exchange and digital asset markets globally, we are removing barriers, reducing friction and unlocking liquidity. Institutions can exchange value as simply as sending a message, creating hyper-efficient capital.”
A recent deal between LMAX Group and Ripple to integrate the latter’s RLUSD reflects a broader push behind stablecoins as tools for institutional market access, not just crypto-native use.
