TORA will receive $325 million from London Stock Exchange Group to become part of the financial company.
The leading British financial markets infrastructure – London Stock Exchange Group – will acquire the trading tech solutions provider TORA for $325 million. The initiative aims to strengthen LSEG’s presence in the cryptocurrency sector., the London Stock Exchange Group will pay $325 million in an all-cash transaction to acquire TORA. Upon completing the settlement, the latter will sit within LSEG’s Data & Analytics division as part of its Trading & Banking Solutions business.
The deal will also help LSEG to stretch not only to Europe but also North America and Asia, where the majority of TORA’s clients are based. In 2018 TORA teamed up with the investment firm Kenetic to launch its cryptocurrency trading platform Caspian. It provides a single interface into many leading digital asset trading venues.The British authorities, and especially the Bank of England’s executives, are among the biggest opponents of the cryptocurrency industry.
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