LMAX Group, a London-based exchange, has introduced cash-settled Bitcoin and Ethereum perpetual futures aimed at institutional clients. These products offer unlimited holding periods and up to 100x leverage. CEO David Mercer highlighted that perpetual futures have dominated the crypto market over the past few years, and clients, including major proprietary trading firms and brokers, are seeking leveraged entry into the crypto space. LMAX, initially focused on forex trading, provides crypto trading and custody platforms for institutional clients such as proprietary trading firms, asset managers, and brokers.