London Stock Exchange gains crypto exposure as it acquires Tora for $325 million, details can be accessed below.
Trendynews reports that the London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology provider, Tora for $325 million. The deal is expected to close in the second half of the year.
This acquisition shows the keen interest of the exchange in the cryptocurrency space as Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives as well as for cryptocurrencies.
In justifying the acquisition, LSEG specifically outlined the importance stating, “The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class at a time when institutional market participants are increasing exposure to crypto and other digital assets.”
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