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FX & Crypto Insights – Institutional thought leadership

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  • Deep pessimism, stronger prospects

    20 November 2025 Deep pessimism, stronger prospects LMAX Digital performance LMAX Digital volumes have continued to rise as the week pushes on. Total notional volume for Wednesday came in at $690 million, 10% above 30-day average volume. Bitcoin volume printed $371 million, 7% above 30-day average volume. Ether volume came in at $226 million, 49% […]

  • Nothing more than a healthy reset

    19 November 2025 Nothing more than a healthy reset LMAX Digital performance LMAX Digital volumes have been mostly solid in the early week as the market contends with downside pressure. Total notional volume for Tuesday came in at $665 million, 6% above 30-day average volume. Bitcoin volume printed $325 million, 6% below 30-day average volume. […]

  • Dip, demand, and the macro drag

    18 November 2025 Dip, demand, and the macro drag LMAX Digital performance LMAX Digital volumes got off to a decent start this week. Total notional volume for Monday came in at $648 million, 5% above 30-day average volume. Bitcoin volume printed $401 million, 17% above 30-day average volume. Ether volume came in at $137 million, […]

  • Clarity from the cloud

    17 November 2025 Clarity from the cloud LMAX Digital performance Total notional volume from last Monday through Friday came in at $3.3 billion, 16% lower than the previous week. Breaking it down per coin, bitcoin volume came in at $2 billion, 6% lower than the previous week. Ether volume came in at $635 million, 39% […]

  • Q4 simply in neutral, not reverse

    13 November 2025 Q4 simply in neutral, not reverse LMAX Digital performance LMAX Digital volumes improved from Tuesday’s subdued levels but were still on the softer side overall on account of choppy, directionless trading conditions. Total notional volume for Wednesday came in at $522 million, 20% below 30-day average volume. Bitcoin volume printed $301 million, […]

  • Why bitcoin’s Monday high matters in a big way

    12 November 2025 Why bitcoin’s Monday high matters in a big way LMAX Digital performance LMAX Digital volumes have been on the softer side in the early week as the market struggles to find direction. Total notional volume for Tuesday came in at $484 million, 27% below 30-day average volume. Bitcoin volume printed $246 million, […]

  • Muted flows, steady trend

    11 November 2025 Muted flows, steady trend LMAX Digital performance LMAX Digital volumes were on the softer side to start the week. Total notional volume for Monday came in at $556 million, 17% below 30-day average volume. Bitcoin volume printed $317 million, 10% below 30-day average volume. Ether volume came in at $113 million, 31% […]

  • Bitcoin resilience keeps bulls in control

    10 November 2025 Bitcoin resilience keeps bulls in control LMAX Digital performance Total notional volume from last Monday through Friday came in at $3.9 billion, 2% higher than the previous week. Breaking it down per coin, bitcoin volume came in at $2.1 billion, 3% higher than the previous week. Ether volume came in at $1 […]

  • Textbook pullback within a bigger bull

    6 November 2025 Textbook pullback within a bigger bull LMAX Digital performance LMAX Digital volumes were healthy on Wednesday. Total notional volume came in at $773 million, 8% above 30-day average volume. Bitcoin volume printed $445 million, 21% above 30-day average volume. Ether volume came in at $204 million, 9% above 30-day average volume. Looking […]

  • Technically speaking

    5 November 2025 Technically speaking LMAX Digital performance LMAX Digital volumes saw a nice jump on Tuesday. Total notional volume came in just over $1 billion, 46% above 30-day average volume. Bitcoin volume printed $571 million, 56% above 30-day average volume. Ether volume came in at $271 million, 45% above 30-day average volume. Looking at […]

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