LONDON - CMC Markets Plc (LSE:LON:CMCX), a leading online financial trading business, has today reiterated its support for StrikeX Technologies, despite a recent write-off decision. CMC Markets CEO, Lord Peter Cruddas, clarified that the write-off of the initial investment in the blockchain technology firm was an accounting measure and does not reflect a lack of confidence in StrikeX's potential or technology.
The announcement comes in response to a news article that suggested CMC might be stepping back from its partnership with StrikeX. Contrary to the implications of the article, CMC Markets maintains its partnership and continues to integrate StrikeX's services, focusing on the development of Web 3.0 technologies.
Lord Cruddas emphasized that CMC Markets is committed to fostering innovation and partnerships that deliver long-term value. The collaboration with StrikeX is seen as a strategic move to support the mission of reshaping the future of finance. StrikeX is known for its advancements in self-custody, tokenization, and blockchain infrastructure through its division, StrikeX Labs.
CMC Markets, established in 1989 and listed on the London Stock Exchange (LON:LSEG), operates in 12 countries and offers trading in a wide range of financial instruments. The company's continued partnership with StrikeX indicates its dedication to staying at the forefront of technological advancements in the financial sector.
This statement is based on a press release issued by CMC Markets Plc.
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