FalconX operates a digital-asset platform and crypto brokerage offering prime-brokerage services that let institutional clients access and manage crypto assets with trading, credit and clearing across multiple markets. The platform emphasizes seamless execution and support for clients' trading strategies under varying market conditions. FalconX states it does not take on market risk, reducing conflicts with client strategies. Customers range from large hedge funds to financial technology companies. The company plans to capitalize on institutional adoption and pursue products such as tokenizing traditional equities. Despite industry downturns, FalconX says it is continuing to hire and is building its executive team. FalconX offers institutions a single counterparty for cryptocurrency trading, credit, and clearing via web interfaces, APIs, and a 24/7 white-glove trading desk. The platform leverages machine learning to access global crypto liquidity with 99.9%+ uptime. Its credit business provides short-term financing to improve institutions' balance-sheet efficiency between loans and derivatives. The company reports 30x year‑over‑year revenue growth and says it is profitable, and it facilitates billions in crypto trading each month. FalconX plans to officially announce several new product offerings that are currently live and growing quickly. It has offices in Silicon Valley, Chicago, Bengaluru, and Malta and intends to use funding to expand product lines, pursue strategic acquisitions, and hire globally. FalconX is an all-in-one platform that facilitates trading, credit, and clearing for institutional clients accessing the cryptocurrency market. The company provides transactional infrastructure with 99.999% uptime and 24/7/365 coverage and can execute large orders with discretion to limit price impact. FalconX is profitable and reported 46X net revenue growth over the last year, driven by increased institutional demand. Its credit product saw volumes increase to over $3 billion in Q4 2020, and client segments include Fortune 1000 corporate treasuries, family offices, and registered investment advisors. The newly secured funds will be used to scale the team and expand business lines to support new market growth. FalconX has offices in Silicon Valley, Bengaluru, and Malta. FalconX operates a single platform that enables institutional clients to access cryptocurrency markets for trading, credit, and clearing by connecting disparate liquidity sources. The company positions itself as a fully integrated solution offering discovery and pricing in one place and has launched a product line called FalconX Credit to extend settlement for clients. FalconX reported 350% revenue growth since its last funding round in May 2020, and serves 250 institutional clients, up 150% from May 2020. Its transaction volumes have tripled to around $3 billion per month, and FalconX Credit handled over $1 billion in credit transactions in November 2020. The firm says it will continue to invest in expanding its product offering and drive innovation in the digital asset space, including digital currencies. FalconX has offices in the US, India, and Malta and is backed by multiple institutional investors. FalconX builds a pricing and execution engine that provides the “best” cryptocurrency price for short time windows across fragmented exchanges. Its technology aggregates pricing and aims to hold offered prices despite fake volume and market fragmentation. The company targets institutional customers, roughly those with $10 million AUM and up. FalconX generates revenue from trading fees, offered either baked into prices or via a fixed-fee model, with crypto-native customers preferring baked-in fees. It has executed $7 billion in trading volume in the last 10 months and reports rising revenues. FalconX also uses internal on-chain analytics and third-party providers for AML/KYC work, treats the compute costs as COGS, and is focused on scaling volume with the possibility of opening to smaller retail traders over time.

Total raised

$427M

Funding rounds

5

Latest round

Series D

Latest activity

Jun 2022