The institutional herd has arrived to the Bitcoin market as institutional platforms see record-high volume. The daily volume of the CME Bitcoin (BTC) futures market and LMAX achieved a new all-time high on Jan. 4. The data show that the institutional demand for BTC is rapidly surging as major public funds continue to accumulate.
Institutional appetite for Bitcoin is accelerating
According to analysts at Arcane Research, the daily volume of LMAX Digital reached a record-high at $2.62 billion.
LMAX is a trading platform that tailors to institutional and accredited investors, unlike retail-focused platforms such as Coinbase and Binance