LMAX Group perpetual futures are 100x leveraged, institutional-only perpetual contracts for Bitcoin and Ether that let professional clients gain high-leverage exposure without expiry dates. LMAX launched the product to meet strong client demand from prop trading firms and brokers seeking regulated, high-leverage access to crypto markets.
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100x leverage for Bitcoin and Ether perpetuals — aimed at institutional traders.
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Perpetual futures account for the majority of crypto derivatives volume; centralized and decentralized venues show high daily turnover.
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Industry data (Kaiko, CoinMarketCap, DefiLlama) indicate perps dominate Bitcoin volume and derivatives open interest in 2025.
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What are LMAX Group perpetual futures?
LMAX Group perpetual futures are continuous, no-expiry derivative contracts launched by LMAX for institutional clients, offering up to 100x leverage on Bitcoin and Ether. These perpetuals function like futures without settlement dates and are designed to provide regulated, high-leverage exposure to professional market participants.
How does 100x crypto leverage work on LMAX?
LMAX’s 100x leverage allows institutions to control a position sized 100 times their margin, increasing potential returns and risks proportionally. Perpetuals use funding-rate mechanisms to tether contract prices to spot indices, and margin requirements, liquidations, and risk controls are enforced to protect market integrity.
LMAX Group has entered the crypto derivatives arena with 100x leveraged perpetual futures for institutional investors, citing rising demand for these tools.
London-based fintech firm LMAX Group announced the launch of leveraged crypto derivatives, rolling out perpetual futures contracts on Bitcoin and Ether targeted at institutional clients and professional trading firms.
LMAX, which reports average daily spot volume across FX and digital assets above $40 billion, said client demand motivated the introduction of high-leverage perpetuals, according to a report by Bloomberg (source referenced as plain text).
“Perpetual futures have dominated the crypto market for the last three or four years,” LMAX CEO David Mercer said. “Our institutional clients, including top proprietary trading firms and brokers, are looking for that kind of exposure,” he added.
Perpetuals are derivatives with no expiration date and typically rely on a funding mechanism to keep prices close to spot. LMAX’s product will permit up to 100x leverage and is initially limited to institutional participants. LMAX operates regulated forex brokerage entities in the UK, Europe, New Zealand and Mauritius, per its corporate website (source referenced as plain text).
Media outreach was made for comment; no additional statement was received at publication time.
Why do perpetual futures dominate crypto trading volume?
Perpetual futures, or “perps,” dominate because they offer continuous exposure, deep liquidity and built-in leverage. Market data from Kaiko shows perps made up roughly 68% of Bitcoin volume in 2025, while CoinMarketCap data indicates perpetuals far outpaced traditional futures in 24-hour derivatives volume.
Perpetuals dominated crypto derivatives trading. Source: CoinMarketCap
Decentralized perpetual platforms also contribute materially: DefiLlama reports decentralized perps processed $20.5 billion in 24-hour volume, with a 30-day total above $683.5 billion and notable weekly surges. These metrics reflect growing institutional and retail adoption of leveraged continuous products.
Decentralized perpetual platforms collectively processed $20.5 billion in 24-hour volume. Source: DefiLlama
When are perps becoming available in the US and Europe?
Perpetual futures access is expanding: major US venues have started retail-facing perps (Coinbase introduced perps in July; CBOE plans a November launch, referenced as plain text). In Europe, One Trading has launched MiFID II–compliant perpetuals for institutional clients and intends to expand eligibility to retail users over time.
Frequently Asked Questions
Can retail investors trade LMAX Group perpetual futures?
No. The current product launch is targeted at institutional clients, including proprietary trading firms and brokers. Retail eligibility would depend on future policy changes and regulatory approvals.
How do funding rates affect perpetual futures positions?
Funding rates periodically transfer value between long and short holders to align perp prices with spot. Positive funding means longs pay shorts; negative funding means shorts pay longs. Monitoring funding is essential to manage ongoing carry costs.
Key Takeaways
- Institutional focus: LMAX Group launched 100x perpetual futures for Bitcoin and Ether aimed at professional clients.
- Market context: Perps account for the majority of crypto derivatives volume in 2025 (Kaiko, CoinMarketCap, DefiLlama referenced as plain text).
- Operational steps: Institutions should complete KYC, set risk limits, test connectivity, and monitor funding rates before scaling exposure.
Conclusion
LMAX Group’s entry into perpetual futures with 100x leverage marks a significant institutional-grade offering in the crypto derivatives market. The product aligns with rising client demand and a derivatives market where perps dominate volume. Institutions considering participation should prioritize robust risk controls and continuous monitoring of funding and open interest. For updates and institutional onboarding, consult COINOTAG coverage and LMAX official communications (sources referenced as plain text).
