Institutional cryptocurrency exchange provider LMAX Group has unveiled Omnia Exchange, designed to allow users to seamlessly convert currencies, cryptocurrencies, stablecoins and other digital assets on a single platform, the company announced Tuesday.
Described as a “unified multi-asset infrastructure layer,” Omnia allows users to exchange any asset directly for any other 24/7, without size or type restrictions, and settle on traditional rails or instantly on the blockchain, according to a press release.
LMAX’s cryptocurrency-focused business has long been a major player in institutional cryptocurrency trading, bringing in $8.2 trillion in institutional volume last year.
While LMAX Digital is an institutional crypto execution venue and custodian, focused on crypto-FX pairs, Omnia aims to bring currencies, crypto, stablecoins and other digital assets under one roof, allowing any asset to be exchanged directly for any other (not just crypto for fiat), an LMAX spokesperson said via email.
LMAX CEO David Mercer said Omnia “crosses the rubicon” between traditional and digital markets.
“Omnia Exchange is the foundation of a new paradigm in capital markets, providing institutions with the ability to trade any asset, anytime, anywhere,” Mercer said in a statement. “By opening access to wholesale foreign exchange and digital asset markets globally, we remove barriers, reduce friction and unlock liquidity. Institutions can exchange value as simply as they send a message, creating hyper-efficient capital.”
A recent agreement between LMAX Group and Ripple to integrate the latter’s RLUSD reflects the broader momentum behind stablecoins as tools for institutional market access, not just for crypto-native use.
