London crypto trading firm LO raises $12M Series A to push into New York and Singapore
London-based crypto trading firm LO has raised $12 million in a Series A round led by MMC. The cash will fund expansion into New York and Singapore, plus a broader push into institutional trading across crypto, traditional assets and prediction markets.
LO is cashing up. The London-based crypto trading firm pulled in $12 million in a Series A round led by MMC, according to CoinDesk.
The fresh capital is earmarked for expansion into two of the world's biggest financial hubs: New York and Singapore. That's a two-continent bet that LO thinks its trading operation travels well.
The firm isn't stopping at digital assets. LO says it wants to scale its institutional trading services across crypto, traditional assets and prediction markets — a mix that signals ambitions well beyond plain spot crypto.
Institutional appetite for crypto trading infrastructure has stayed hot even as token prices swing, with firms jockeying to serve hedge funds, asset managers and other big players hunting for execution and liquidity.
For now, LO's job is turning a $12 million check into desks, hires and licenses in New York and Singapore. MMC's lead role hands the firm a backer with skin in the game as it pushes into new markets.
TopicsLO · MMC · New York · Singapore · London
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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