Domain liquidity platform LMX shuts its doors

For over three years, broker Giuseppe Graziano has offered a liquidity platform where investors could divest their domain names.

Originally launched as LXME, the platform rebranded to in 2020. At the time of the rebrand, Graziano told the “purpose of LMX is to create a safe environment in which investors are able to trade liquid domains quickly, efficiently and at low fees.

Now, though, Graziano has announced that the LMX platform is to close. In an email today, subscribers were told:

After 3 years of connecting buyers & sellers, the LMX trading platform will be closing its doors on the 30th of December 2021.

That means that after December 30, 2021, users will no longer be able to access the LMX platform.

Interestingly, during the final weeks of operation, LMX will be commission free, charging only a nominal $0.01 fee for each transaction. Assets traded on LMX tend to be short .com domains such as three-letter .com, four-number .com, and three-character .com.

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