coindesk.com
Institutional crypto exchange provider LMAX Group has unveiled Omnia Exchange, designed to allow users to seamlessly convert FX, crypto, stablecoins and other digital assets in one platform, the company said on Tuesday.
Described as a “a unified multi-asset infrastructure layer,” Omnia allows users to trade any asset directly against any other 24/7, without restrictions on size or type, and to settle 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.
Whereas LMAX Digital is an institutional crypto execution venue and custodian, focused on crypto-FX pairs, Omnia aims to bring FX, crypto, stablecoins and other digital assets under one roof, allowing any asset to be traded directly against any other (not just crypto vs fiat), a spokesperson for LMAX said via email.
LMAX CEO David Mercer said Omnia “crosses the rubicon” between traditional markets and digital marketplaces.
“Omnia Exchange is the foundation for a new paradigm in capital markets delivering the ability for institutions to exchange any asset, anytime, anywhere,” Mercer said in a statement. “By opening access to wholesale FX and digital asset markets globally, we’re 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 broader momentum behind stablecoins as tools for institutional market access, not just crypto-native use.