London Gold Exchange was a digital currency exchanger founded in 2001. The London Gold Exchange was owned by LGE International LTD., an offshore company registered in Belize, with offices in London, England and Hong Kong.
London Gold Exchange operated 2 franchises, one in the UK and one 'International' which covered everywhere other than the UK. The UK administration office was in Central London, with staff based in locations around the UK. The International administration office was in Hong Kong, with staff also operating from mainland China. Technical staff also operated from locations in Australia.
London Gold Exchange bought and sold the following digital currencies:
London Gold Exchange's fees for exchanging fiat currency into digital currency, ranged from zero percent to six percent.[1]
Fees for exchanging digital currency back to fiat currency ranged from zero percent to eight percent.[2]
Per a notice on the website, on September 26th, 2011, the London Gold Exchange is permanently closed for business citing unspecified "operational difficulties":