Lion Group Holding Ltd. (LGHL) stock traded at $3.55, as of this writing, in the premarket session on April 14, 2021. A 6.61% increase was observed in relation to the previous closing. A positive trend was also witnessed in the regular market session as the stock closed at $3.33 per share, with a 10.63% increase from April 12, 2021’s regular market session. The positive trend in both the premarket and the regular session can be credited to the LGHL acquisition of Lion FinTech Group.
What is Lion Group Holding Ltd.?
LGHL Provides a platform where all forms of trading take place, catering to clients in Hong Kong and China. The wide range of services and products offered by LGHL include insurance brokerage, securities trading, contract-for-difference trading, and futures trading. These products and services can be availed via iOS, Windows, Android, and macOS applications.
Latest Developments at LGHL
LGHL recently entered into a Share Purchase Agreement with Mr. Jian Wang and purchased the whole of the issued share capital of Lion Fintech Group Limited, making it a subsidiary of LGHL at closing. The Chief Executive Officer of Lion, Mr. Chunning Wilson Wang stated that their company is pleased by the merger of LGHL stock and expansion of their trading business into the crypto asset market can be predicted in the future.
What Does the Future of LGHL Investors Look Like?
As the acquisition of Lion Fintech Group Limited is completed, LGHL investors will be able to conduct their trade via cryptocurrencies, under certain regulations to ensure the safety of all financial transactions. Furthermore, as LGHL stock get a license for operating with cryptocurrencies, it has hinted towards the provision of crypto assets-backed trust funds to its investors, as the most suitable replacement path to invest in crypto assets.