HONG
KONG, March 19, 2024 /PRNewswire/ -- Lion
Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL),
operator of an all-in-one trading platform that offers a wide
spectrum of products and services, today announced it is in the
final stage of upgrades to an advanced AI multi-currency trading
account service planned to launch by the end of this month.
While financial transactions are traditionally settled in
Hong Kong dollars, Lion's newly
launched service will accommodate pricing and settlements in an
array of currencies, including offshore RMB and US dollars. The
system will adjust to different currency accounts in real-time and
offer a suite of user-friendly investment tools and trading
services to accommodate diverse investment strategies.
Targeting global users across multiple industries, Lion's new
services are designed to allow customers enjoy significant cost
savings and enhanced efficiency. For example, within the
derivatives landscape, particularly in the Hong Kong-based Over-The-Counter (OTC) stock
options segment, foreign investments in China A-shares are often susceptible to
exchange rate volatility, which can materially affect net
returns.
The adoption of offshore RMB settlement in Lion's new trading
services, however, mitigates these currency fluctuations and
substantially supports the liquidity and flexibility of customers'
financial strategies.
"Our new suite of enhanced AI-driven products and services will
not only address but also anticipate the evolving needs of our
customers," said Lion CEO Mr. Chunning
(Wilson) Wang. "Going forward, Lion will leverage pioneering
technologies like AI and web3.0 to empower the technology-business
fusion, creating an intelligent digital operational ecosystem,
enhancing our development potentials, and generating substantial
value growth for our shareholders."
About Lion
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) insurance brokerage, 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.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
