LMAX CEO Calls on Crypto to Adopt Traditional Finance Collateral and Settlement Systems
David Mercer, the Chief Executive Officer of LMAX Group, a leading institutional exchange for digital assets and foreign exchange, has made a direct appeal for the cryptocurrency industry to integrate core mechanisms from traditional finance (TradFi). In a recent statement, Mercer argued that for the digital asset sector to achieve its next phase of institutional growth, it must adopt established systems for collateral management and trade settlement.