Nurturing Financial Intersection: FalconX Pioneers Sweeping Innovations In Digital Assets Market

SAN MATEO, Calif., Jan. 12, 2024 /PRNewswire/ -- Emerging from the tech-haven of San Mateo, California, digital assets leader FalconX is redefining the interplay between traditional and digital finance. They have successfully executed over 30% of total Bitcoin creation purchases on behalf of Exchange-Traded Fund (ETF) sponsors during the inaugural day of trading, firmly establishing their dominant presence in the market.

FalconX: A Trusted Ally in Navigating Emerging Market Trends

With an execution of over $230 million of the market's $720 million day one ETF creations, FalconX has sent a clear message about its capability to navigate high-stakes markets. Being chosen as a key liquidity partner by prevailing ETF sponsors only underscores their credibility in the marketplace.

John Roglieri, the dynamic Head of Capital Markets at FalconX, expressed his delight, "We are highly privileged to be a platform of choice for ETF issuers and regulated market participants venturing into digital assets. Our strategic goal is to sustain our deep-rooted presence in this industry and keep cultivating our suite of innovative products to drive the ETF ecosystem forward."

Driving Change with Prime Brokerage Platform

FalconX's primary liquidity and prime brokerage platform have played a pivotal role in remodeling institutional engagement with digital assets. With their technology at the helm, institutions can transact digital assets at a scale previously unimaginable. This state-of-the-art platform was instrumental in fostering the company's impressive 2.25x Year-Over-Year (YOY) growth while global exchange volumes tumbled by -38% in 2023.

FalconX, ideated and brought to life in 2018, leverages deep institutional knowledge — intricately woven with steadfast commitment to security, accessibility, and regulatory compliance. As a result, we find the firm uniquely equipped to steer the digital assets market towards mainstream acceptance, while sowing the seeds for a robust financial future.

Striding Towards A Future Guided by FalconX

For comprehensive insight into FalconX's transformative strategies and its ETF business, one can visit their official webpage at FalconX.io. For direct interaction, [email protected] is the go-to destination.

Evidenced by Bloomberg Intelligence, the firm's successful first-day inflow numbers for spot Bitcoin ETFs, launched on the grounds of the ETF sponsors' confidence on January 10, 2023, speak volumes about FalconX's commendable competencies. However, subject to timely update and reflection in public data, these numbers are likely to undergo revisions.

About FalconX

FalconX is a noteworthy digital assets prime brokerage serving top-tier institutions globally. Making history, it has become the first Commodity Futures Trading Commission (CFTC) registered cryptocurrency swap dealer. It offers unparalleled access to global digital asset liquidity, with dedicated round-the-clock teams for account, operational, and trading requirements. Offering an omnichannel digital presence, FalconX expertly guides market participants through the complexities of the 24/7 world of digital asset investment.

Accredited investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management, and Wellington Management back the company. FalconX has solidified its global presence with offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore, and Valletta.

For more granular insights into their strategic operations and how they contribute to the evolving digital landscape, visit FalconX's official website or their social media channels on Twitter and LinkedIn respectively.

SOURCE FalconX