This article originally appeared in Fintech Futures.
Atom Asset Exchange (AAX), a digital asset exchange platform, has joined the London Stock Exchange (LSE)’s partner platform.
The news makes AAX the first cryptocurrency exchange to join the platform. The two firms have had previous dealings, with AAX deploying LSE’s Millennium Exchange matching engine. That deployment was the first cloud-based 24-hour environment implementation of LSE’s trading solution.
“We set out to build an exchange that would be both easy-to-use and accessible to retail traders, as well as being fast enough and robust enough to meet the regulatory, compliance, and performance requirements for institutional investors,” says Thor Chan, CEO of AAX.
He further added:
“This further step in our relationship with London Stock Exchange Group will facilitate the onboarding of institutional clients onto our platform and is a great step forward for both AAX and the crypto industry at large.”
Earlier this week, LSE shareholders approved the exchange’s $27 billion takeover of data and analytics company Refinitv. 99.27% of votes cast were in favor of the acquisition.
“We feel very strongly this is in the long-term strategic interest of the London Stock Exchange,” CEO of London Stock Exchange Group David Schwimmer said of the deal.
