Internal Security Corps· Finance · 9 sources · Jul 24, 2026StoryLMAX Explores Sale, IPO with Morgan Stanley, KBWLMAX Group, a London-based institutional crypto and foreign‑exchange trading venue, is exploring strategic options including a potential sale or IPO, with Morgan Stanley and KBW advising and a possible Nasdaq listing that could value the business up to about $5 billion. The push comes alongside strong 2024 profitability and high institutional trading volumes, underscoring its role as a crypto‑adjacent infrastructure play insulated by its FX core, while maintaining a track record of institutional focus rather than token issuance.Finance· Jul 24, 2026+60CommentShareWrite a comment…