๐ฐ LMAX Group Explores Strategic Exit at $5B Valuation
๐น Institutional crypto/FX platform working with Morgan Stanley & KBW
๐น Options: Sale, SPAC merger, or Nasdaq IPO under review
๐น Potential $5B valuation vs $1B in 2021 (400% growth!)
๐น JC Flowers owns 30%, Ripple invested $150M this year
LMAX Digital operates as regulated institutional crypto exchange since 2018. Core FX business provides stability during crypto volatility, giving management flexibility on exit timing.
Major milestone for institutional crypto infrastructure! ๐
[CoinDesk]
#LMAX #CryptoIPO #InstitutionalTrading
@money ๐ฏโก๐ฅ๐
Post #26218
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