HONG
KONG, April 22, 2024 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator
of an all-in-one trading platform that offers a wide spectrum of
products and services, today announced the official launch of
multi-currency trading account services which will be powered by AI
technology. The new service offerings will be focused on enhancing
the value of the core business products through various trading
system iterations and upgrades.
While trades are settled in Hong
Kong dollars traditionally, Lion's newly launched
multi-currency trading account services will support pricing and
settlement in a range of currencies, including offshore Renminbi
and US dollars. The system will adjust in real-time to accommodate
different currency accounts, providing a more professional and
intelligent investment tool and trading service experience for all
types of users worldwide.
The core advantages of multi-currency trading account services
include enabling significant cost savings and higher
efficiency for investors. For example, in the over-the-counter
(OTC) stock options sector of the derivatives market, foreign
investment in China A-shares is
often susceptible to the impact of exchange rate fluctuations,
which can significantly affect net returns. Using offshore Renminbi
settlement in the new trading services can alleviate currency
fluctuations, greatly enhancing the liquidity and flexibility of
client financial strategies.
"Finance, technology, and digitization are the three main
catalysts driving Lion's advancement in the financial technology
sector. Against the backdrop of the ongoing AI wave sweeping across
the globe, we believe in actively seizing the industry
opportunities brought by AI and infusing AI dynamics into the
Company's core business products and services," said Lion CEO Mr.
Chunning (Wilson) Wang. "The launch
of multi-currency trading account services like this will
significantly enhance the differentiation competitiveness of
corresponding products and bring more incremental profit
opportunities. Meanwhile, benefiting from a diversified development
strategy, Lion will continue to build a robust and imaginative
business ecosystem, provide customers with a better product
experience and service, and create meaningful value for
shareholders."
About Lion Group Holding Ltd.
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an
all-in-one, state-of-the-art trading platform that offers a wide
spectrum of products and services, including (i) total return
service (TRS) trading, (ii) contract-for-difference (CFD) trading,
(iii) Hong Kong-based
over-the-counter (OTC) stock options trading, and (iv) futures and
securities brokerage. In addition, Lion owns a professional and
experienced SPAC sponsorship team to become a leader in the SPAC
arena, helping guide private companies through their listing
journey. Additional information may be found
at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, but are not
limited to, statements about: Lion's goals and strategies; our
ability to retain and increase the number of users, members and
advertising customers, and expand its service offerings; Lion's
future business development, financial condition and results of
operations; expected changes in Lion's revenues, costs or
expenditures; the impact of COVID-19; competition in the industry;
relevant government policies and regulations relating to our
industry; general economic and business conditions globally and
in China; and assumptions underlying or related to any of the
foregoing. Lion cautions that the foregoing list of factors is not
exclusive. Lion cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Lion does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable law.
Additional information concerning these and other factors that may
impact our expectations and projections can be found in Lion's
periodic filings with the SEC, including Lion's Annual Report on
Form 20-F for the fiscal year ended December 31, 2022. Lion's
SEC filings are available publicly on the SEC's website
at www.sec.gov.
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SOURCE Lion Group Holding Ltd.