LMAX Group, operator of one of the longest-running institutional crypto trading platforms, is exploring a potential sale or IPO. Morgan Stanley and KBW have been engaged to advise the company on this strategic process. LMAX Digital, its crypto division launched in 2018, has won best crypto trading platform awards each year from 2022 through 2025 and operates under the supervision of the Gibraltar Financial Services Commission. The platform supports spot trading of several major digital assets including BTC, ETH, LTC, BCH, XRP and SOL. No timeline, valuation, or list of potential buyers has been disclosed.
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