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LMAX Explores Sale, IPO with Morgan Stanley, KBW
LMAX 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 · 9 sources · Jul 24, 2026Read itThe journal
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About LMAX Exchange
LMAX Group is a financial betting company based in London, UK.
Everything about LMAX Exchange →- Headquarters
- London
- Inception
- 2010
- Website
- http://www.lmax.com/