FalconX Expanding to Singapore and Launching OTC Business
It is reported that FalconX, the digital asset platform, announced that it would expand its services to Singapore. Matt Long has joined FalconX as the general …
It is reported that FalconX, the digital asset platform, announced that it would expand its services to Singapore. Matt Long has joined FalconX as the general manager and Ave King as the chief compliance officer. They all work in Singapore. In addition to important senior executives, FalconX also launched its OTC derivatives business in Singapore to provide services to institutional customers in the Asia-Pacific region,
Digital asset platform FalconX launched OTC derivatives business in Singapore
Interpret the above information:
FalconX, a digital asset platform that provides trading services for institutional customers, has announced its expansion to Singapore. With this move, the firm aims to offer its OTC derivatives business to institutional customers in the Asia-Pacific region. The company’s latest move comes after it raised $17 million from investors, including Accel, Coinbase Ventures, and Fenbushi Capital.
As part of its expansion plans, FalconX has hired Matt Long as its general manager and Ave King as the chief compliance officer in Singapore. Long has extensive experience in the financial markets, having previously worked at Goldman Sachs and Bakkt, a digital currency platform. King, on the other hand, has over a decade of experience in risk and compliance, having worked at Barclays, AIG, Standard Chartered, and BMO.
FalconX’s move to Singapore is driven by the growing demand for digital asset trading in the region, which has the potential to offer one of the largest markets for crypto trading. With its OTC derivatives business, FalconX will provide a secure and compliant trading platform for institutional clients in the Asia-Pacific region, enabling them to trade digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.
The launch of FalconX’s OTC derivatives business will enable institutional clients to trade large block orders without incurring market slippage or sacrificing price, minimizing risk and increasing returns. It will also offer high-speed, secure, and reliable trading services, backed by advanced security protocols that ensure the safety of customers’ assets, data, and transactions.
In conclusion, FalconX’s expansion to Singapore and the launch of its OTC derivatives business represent a significant milestone for the company’s growth and expansion in the Asia-Pacific region. With its new hires and robust trading services, FalconX is poised to establish itself as a leader in the digital asset trading space, offering institutional clients an efficient, secure, and reliable platform for trading and investing in cryptocurrencies.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/2409.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.