๐จ $5 BILLION CRYPTO EXIT: LMAX Just Hired Wall Street's Biggest Names
LMAX Group โ one of the longest-running institutional crypto trading platforms โ is reportedly exploring a sale, SPAC merger, or IPO, according to people familiar with the matter.
The London-based firm has brought in Morgan Stanley and KBW (a Stifel company) to weigh its options. Sources say a deal could value LMAX at up to $5 Billion.
This comes right after LMAX launched a 24/7 multi-asset exchange and landed a $150M strategic investment from Ripple tied to institutional stablecoin adoption โ a sign institutional crypto infrastructure is heating up fast.
If it goes public, LMAX joins a very short list of pure-play crypto trading firms on public markets โ Coinbase being the biggest name so far.
No official confirmation, valuation, or timeline yet โ but Wall Street circling institutional crypto platforms says a lot about where smart money thinks this market is headed. ๐
๐ Key Points:
๐ฆ Advisors: Morgan Stanley + KBW
๐ฐ Potential valuation: up to $5 Billion
๐ Options on table: Sale / SPAC / IPO
๐ Backed by $150M Ripple investment
๐ Institutional-only crypto exchange since 2010
Strong bullish signal for institutional adoption โ keep an eye on
$XRP ,
$BTC , and
$ETH as big institutions keep doubling down on crypto infrastructure.
๐ฌ Should LMAX IPO or get acquired? Drop your prediction below!
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