Institutional crypto exchange provider LMAX Group has unveiled Omnia Exchange, designed to allow users to seamlessly convert FX, crypto, stablecoins and other digital assets on one platform, the company said on Tuesday.
Described as a “single multi-asset infrastructure layer,” Omnia allows users to trade any asset directly against any other 24/7, without size or type limitations, settling 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 crypto trading, reporting $8.2 trillion in institutional volume last year.
While LMAX Digital is an institutional crypto execution venue and depository focused on crypto-FX pairs, Omnia aims to bring FX, crypto, stablecoins and other digital assets under one roof so that any asset can 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 marketplaces.
“Omnia Exchange is the foundation of a new paradigm in capital markets, allowing institutions to exchange any asset, anytime, anywhere,” Mercer said in a statement. “By opening access to wholesale markets for currency and digital assets globally, we remove barriers, reduce friction and unlock liquidity. Institutions can exchange value as simply as sending a message and create hyper-efficient capital.”
A recent agreement between LMAX Group and Ripple to integrate the latter’s RLUSD reflects a broader momentum behind stablecoins as tools for institutional market access, not just crypto-native use.
