đš $5 BILLION CRYPTO EXIT: LMAX Just Hired Wall Street's Biggest Names
LMAX Group â one of the longest-running institutional crypto trading platforms â 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 â 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 â Coinbase being the biggest name so far.
No official confirmation, valuation, or timeline yet â but Wall Street circling institutional crypto platforms says a lot about where smart money thinks this market is headed. đ
đ Key Points:
đŠ Advisors: Morgan Stanley + KBW
đ° Potential valuation: up to $5 Billion
đ Options on table: Sale / SPAC / IPO
đ Backed by $150M Ripple investment
đ Institutional-only crypto exchange since 2010
Strong bullish signal for institutional adoption â keep an eye on $XRP , $BTC , and $ETH as big institutions keep doubling down on crypto infrastructure.
đŹ Should LMAX IPO or get acquired? Drop your prediction below!
â€ïž Like + Follow for more breaking crypto news
đ Share this â institutional crypto is going mainstream
#CryptoIPO #InstitutionalCrypto #XRP
LMAX Group â one of the longest-running institutional crypto trading platforms â 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 â 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 â Coinbase being the biggest name so far.
No official confirmation, valuation, or timeline yet â but Wall Street circling institutional crypto platforms says a lot about where smart money thinks this market is headed. đ
đ Key Points:
đŠ Advisors: Morgan Stanley + KBW
đ° Potential valuation: up to $5 Billion
đ Options on table: Sale / SPAC / IPO
đ Backed by $150M Ripple investment
đ Institutional-only crypto exchange since 2010
Strong bullish signal for institutional adoption â keep an eye on $XRP , $BTC , and $ETH as big institutions keep doubling down on crypto infrastructure.
đŹ Should LMAX IPO or get acquired? Drop your prediction below!
â€ïž Like + Follow for more breaking crypto news
đ Share this â institutional crypto is going mainstream
#CryptoIPO #InstitutionalCrypto #XRP