ENCRYPTION TRADING PLATFORM LMAX PLANNED TO BE LISTED OR SOLD OR VALUED OR UP TO $5 BILLION

On 24 July, LMAX Group, an institutional encryption trading platform, was working with Morgan Stanley and the Investment Bank of KBW to assess strategic options, considering, inter alia, sales, SPAC mergers and a potential valuation of up to $5 billion in NASDAQ or European IPO. Informed sources claim that companies are not rushing to market, and that their foreign exchange operations support a weak encryption market. LMAX has accelerated its expansion in recent years with the introduction of a 24/7 multi-asset exchange to support foreign exchange, digital assets, commodities and monetized securities, and a strategic investment of $150 million in Ripple in January of this year to promote RLUSD through its trading and settlement network。