cBridge connects brokers to LMAX Group perpetual futures liquidity. cBridge, Spotware's standalone fixed-price liquidity bridge, has partnered with LMAX Group, the leading global cross-asset marketplace for FX and digital assets. Under the partnership, LMAX delivers institutional perpetual futures liquidity, while cBridge provides the broker infrastructure to bring it to market. Interest in perpetuals is rising among digital asset traders, prompting brokers to broaden their product portfolios and meet changing client expectations. LMAX provides institutional perpetual futures liquidity across more than 20 markets, with 24/7 trading, access to 100:1 leverage and funding every eight hours. Brokers can connect the perpetuals liquidity to MT4, MT5 or their own trading infrastructure via FIX API. Contracts are settled in fiat, with collateral accepted in fiat currencies or stablecoins. cBridge puts this liquidity to work by managing price aggregation, order routing, execution, exposure monitoring and reporting from one environment. Its platform-agnostic infrastructure supports connectivity to all major trading platforms, while fixed monthly pricing keeps bridge costs independent of trading volume. Together, this allows brokers to add perpetual futures without rebuilding their existing infrastructure. Alexis Droussiotis, co-General Manager at cBridge, said: "Perpetual futures are in growing demand, so we have partnered with LMAX Group to give brokers a way to offer them. Through cBridge and LMAX, brokers can add perpetuals to their product range using the infrastructure they already have. For brokers, it means a new product to offer and a simple way to meet client demand." Jenna Wright, Managing Director of Digital Assets at LMAX Group, added: "Providing connectivity through cBridge broadens institutional access to our growing cross-asset product suite, including digital asset and gold perpetual futures, while delivering a more seamless trading experience. This collaboration reflects our commitment to providing resilient, high-performance infrastructure and deep liquidity that empowers clients to trade efficiently across markets and at scale." As institutions seek secure, high-performance crypto derivatives, perpetual futures are becoming one of the strongest opportunities in the market. Through the cBridge - LMAX partnership, both emerging and established brokers can enhance their offering with perpetuals from a trusted liquidity provider, backed by bridge infrastructure built for modern digital asset workflows. Disclaimer This byline publishes sponsored press releases and partner announcements submitted to FinanceFeeds by third parties. The content is provided by the sponsoring companies and does not reflect FinanceFeeds editorial views. Readers should do their own research before acting on anything mentioned.

BitMEX to shut down after 11 years. CW 30 BitMEX and BitMart announced plans to cease operations. Movement Labs filed for bankruptcy after prolonged weak network activity. Meanwhile, Mirae Asset rebranded Korbit as Digital X following its acquisition, while LMAX explores strategic options, including a potential IPO or sale. BitMEX and BitMart announce exchange closures. Two cryptocurrency exchanges, BitMEX and BitMart, have announced they will cease operations. BitMEX, the pioneering derivatives exchange founded in 2014, will close on September 23, 2026, following a strategic review by its board. The exchange, known for inventing the 100x leverage perpetual swap, has stopped new account registrations immediately. From August 26, users can only reduce positions, not open new ones. All open positions will be force-closed at the closure time. BitMEX highlighted its 11-year track record of zero funds lost to hacks. Users are urged to withdraw funds before the deadline, after which account fees will apply to remaining balances. BitMart also announced an orderly cessation of operations, though specific details were not immediately available Movement Labs files for bankruptcy. The Movement blockchain has filed for bankruptcy after struggling to generate meaningful revenue since November 2025. According to DeFiLlama data, on-chain app daily revenue consistently fell below $800, while daily network fees remained in single digits, with just $1 in the past 24 hours. This poor performance came despite the project raising $141.4 million in total funding. The native token's fully diluted valuation has collapsed to $107 million, down over 99% from its peak. The stark contrast between the substantial capital raised and minimal operational revenue highlights the challenges facing the blockchain project. Mirae Asset rebrands Korbit to Digital X. South Korean financial giant Mirae Asset has completed its acquisition of 97.15% of local crypto exchange Korbit and rebranded it as Digital X. The company plans to build an investment ecosystem connecting RWA, security tokens, stablecoins, traditional assets, and digital assets. Mirae Asset emphasized its goal is not to surpass Upbit or Bithumb, but to combine global investment expertise with digital asset infrastructure to promote sustainable development in Korea's digital asset industry. Korbit currently holds less than 1% of the Korean market. Meanwhile, institutional forex and digital asset trading platform LMAX Group has hired Morgan Stanley and Stifel's KBW to evaluate strategic options, including a potential sale, SPAC merger, or IPO in the US or Europe. The company could be valued at up to $5 billion, with a Nasdaq listing being the preferred option. In 2021, J.C. Flowers acquired 30% of LMAX for $300 million, valuing the company at around $1 billion at the time. About 1token: 1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 100 clients worldwide. All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control. * Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance. * Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend. * Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.

LMAX weighs $5 billion IPO as Morgan Stanley and KBW advise on strategic options. * Nicholet R. * Published: July 24, 2026 * 9:16 pm * Updated: July 24, 2026 * 9:16 pm Table of Contents * LMAX is working with Morgan Stanley and KBW on strategic options including a sale, SPAC merger, or IPO, with Nasdaq reportedly preferred. * The company could seek a valuation of up to $5 billion, compared with roughly $1 billion when J.C. Flowers bought 30% in 2021. * Ripple invested $150 million in January, while LMAX expanded through a 24-hour multi-asset exchange covering currencies, crypto, commodities, and tokenized securities for institutional market participants. LMAX Group is working with Morgan Stanley and Keefe, Bruyette & Woods to evaluate strategic options that could value the institutional trading company at up to $5 billion. The possibilities include a sale, a merger with a special purpose acquisition company, or an initial public offering in the United States or Europe, with Nasdaq reportedly emerging as the preferred route. LMAX is exploring a transformational transaction without committing to a single outcome. Curiously, management is said to be in no hurry today, as weak crypto markets pressure the sector while foreign exchange operations provide some protection. LMAX Group is reportedly working with Morgan Stanley and KBW to assess strategic options, including a sale or IPO. Just a rumor for now - no deal announced, and crypto markets remain weak. pic.twitter.com/tTsUWmF6OM - lenny | (@blockchainlenny) July 24, 2026 Diversification complicates the strategic decision. The London-based company operates institutional venues for foreign exchange and digital assets, supplying execution, liquidity, and market infrastructure to banks, brokers, hedge funds, and asset managers. In February, it expanded that model by launching a 24-hour multi-asset exchange covering currencies, digital assets, commodities, and tokenized securities. LMAX is positioning itself as broader financial infrastructure rather than a narrowly defined crypto platform. That diversification matters now because it gives potential buyers or public-market investors exposure to several trading categories and revenue channels for investors, even as volatility and muted sentiment complicate valuations across the digital-asset industry. The strategic review follows Ripple's $150 million investment in January, which was intended to support adoption of the RLUSD stablecoin across LMAX trading and settlement infrastructure. A $5 billion valuation would be especially striking compared with 2021, when J.C. Flowers purchased a 30% stake for $300 million, valuing the business at approximately $1 billion. The proposed valuation would represent a fivefold increase in about five years. That gap raises an obvious question: can recent product expansion and institutional positioning justify such a premium while crypto markets remain weak and transaction timing remains deliberately flexible now? LMAX's deliberations arrive as crypto exchanges and financial-infrastructure providers pursue transactions designed to expand institutional trading, custody, settlement, tokenization, and stablecoin services. The company has not selected a final route, and no immediate deal appears necessary, leaving advisers to compare markets, counterparties, and listing structures. The real decision is whether LMAX should sell scale privately or test public investors' appetite for digital-finance infrastructure. Its foreign exchange business may soften sector weakness, but a Nasdaq listing, European offering, SPAC merger, or outright sale would each expose the company to different expectations, scrutiny, and execution risks ahead.