FalconX seeks acquisition opportunities to prepare for the wave of consolidation in 2025
Bitget2024/10/07 10:53
On October 7, digital asset trading and brokerage firm FalconX was looking for acquisition opportunities in anticipation of a flurry of transactions.
FalconX co-founder and CEO Raghu Yarlagadda said that as more institutional players enter the market and regulations tighten, cryptocurrency business costs will rise, leading to a wave of consolidation in 2025.
A FalconX spokesperson said the company has seen a significant increase in potential acquisition opportunities and is seeking to acquire small companies focused on institutional infrastructure, data and analytics, tokenization, and expanding transaction teams.
FalconX's second-quarter revenue hit a historic high, growing 2.5 times year-on-year, and derivative trading revenue grew nearly three times.
FalconX was founded in 2018 and is headquartered in San Mateo, California. It raised $150 million in 2022, valued at $8 billion, and has over 600 institutional clients.
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