LMAX is working with Morgan Stanley and investment bank KBW to assess its options, which could lead to a sale or a public offering.
- Institutional trading platform LMAX is working with advisers Morgan Stanley and Stifel’s investment bank, KBW.
- Options being considered include a potential sale, SPAC merger or an IPO, according to people familiar.
- The London-based firm has expanded rapidly in recent months, introducing a 24/7 multi-asset exchange and securing a $150 million strategic investment from Ripple tied to institutional stablecoin adoption.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger size
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