Deep Tide TechFlow news: On July 24, according to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a special purpose acquisition company merger, and an initial public offering in the U.S. or Europe. Insiders say the company’s valuation could reach as high as $5 billion, with a Nasdaq listing currently being the preferred option.



The report says LMAX has no urgent plans to go public. Its core FX business provided performance support during the crypto market’s weak phase. Over the past year, LMAX has continued expanding business connections between traditional finance and digital assets, including launching a multi-asset exchange supporting tokenized assets and traditional assets for 24/7 trading.
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