Latest news with #FalconX
Arabian Post
4 days ago
- Business
- Arabian Post
FalconX Prepares for Market Debut Amid Crypto IPO Surge
FalconX, a leading cryptocurrency prime brokerage, has initiated informal talks with bankers and advisers to explore an initial public offering in 2025, signalling a significant move to satisfy burgeoning institutional demand for digital assets. The firm, which last raised $150 million in 2022 at an $8 billion valuation, is not yet retaining an underwriter—an early but strategic step toward going public. Founded in 2018, FalconX began as a crypto-focused prime broker, enabling clients to trade directly on exchanges. Today it spans three verticals—markets, custody and staking, and direct market access prime brokerage—positioning itself as a full-spectrum financial services provider for institutional clients. This evolution reflects growing investor interest in digital assets and the firm's expansion through deals and strategic integration. In early 2025, FalconX acquired Arbelos Markets, marking its entry into the derivatives segment, a lucrative but highly competitive space. It also forges partnerships with established players such as Standard Chartered, integrating global banking and foreign-exchange capabilities, and with Cantor Fitzgerald, accessing a credit facility collateralised by Bitcoin—its 'first step in a broader credit framework' to bolster institutional offerings. ADVERTISEMENT The broader crypto sector is experiencing an IPO wave. Several digital-asset platforms, including Fold, Exodus and eToro, have listed in 2025. Notably, stablecoin issuer Circle achieved a landmark $1.1 billion IPO on 5 June, marking the largest crypto-market debut in history and fuelling expectations of further listings. Following Circle's success, firms such as Bullish and Gemini filed for public listings, with Kraken and Justin Sun's Tron Group also preparing filings. Amid this sector-wide momentum, FalconX is working to enhance its public profile, seeking to craft a compelling narrative ahead of a potential IPO. The firm's strategy, according to one insider, emphasises readiness to appeal to public-market investors, including both strategic partnerships and public relations positioning. The firm's track record underpins its IPO ambition. In June 2022, it secured a $150 million Series D led by Singapore's GIC and B Capital at an $8 billion valuation. That round also involved Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management. CEO Raghu Yarlagadda emphasised FalconX's market‑neutral model, rigorous risk‑management and profitability amid volatility—a rarity in the crypto space. With over $430 million in capital raised to date, FalconX has demonstrated resilience, continuing to hire and expand services even as competitors retrench. GIC's commitment and the firm's strategic posture reflect stable investor confidence. Institutional demand for crypto is rapidly growing, and FalconX's moves align with this shift. The acquisition of Arbelos, banking collaboration and credit facility signal a broader ambition to integrate traditional and digital finance infrastructures, broaden offerings and close service gaps. As co-head of markets Joshua Lim observed, strategic partnerships and acquisitions enable FalconX to fill missing links that would otherwise force customers to assemble services piecemeal. Within this context, launching an IPO emerges as both a capital‑raising tool and a visibility lever. As one adviser noted, 'When you launch an IPO, you need to have a story…. You're selling yourself to the investing public'. FalconX's groundwork suggests readiness to craft that narrative, aligning with its strong financial position and strategic trajectory.
Yahoo
03-06-2025
- Business
- Yahoo
U.S. Share of Bitcoin, Ether and Solana Trading Volume Falls Below 45% as Asia Catches Up
The rebound in digital assets since early April has been marked by a significant shift in activity, with Asian trading hours gaining market share in global bitcoin BTC, ether ETH and solana SOL spot trading volumes, while the U.S. steadily loses ground. The U.S. trading hours' share of the spot volume in the three major tokens has dropped below 45% on a 30-day simple moving average basis, having peaked at an all-time high of over 55% at the beginning of 2025, according to data tracked by institutional crypto prime brokerage firm FalconX. The latest reading is the lowest since pro-crypto Donald Trump's victory in the November presidential election. Meanwhile, Asian trading hours now account for nearly 30% of global activity, with Europe accounting for the remainder. Slower activity during the U.S. represents a change in investor mix driving the price action, according to FalconX. "It may point to increased influence from non-U.S. portfolio flows or suggest that U.S. investors are focusing more on markets beyond spot crypto," FalconX's Head of Research David Lawant said in a note shared with CoinDesk. Bitcoin, the leading cryptocurrency by market value, has surged 40% to $105,000 since hitting lows under $75,000 in early April, according to CoinDesk data. Ether and solana have surged 87% and 68%, respectively, during the same period. Although bitcoin's price has surged to new highs, global spot trading activity hasn't yet recovered to levels seen early this year. According to FalconX, daily volume in BTC spot markets, which averaged over $15 billion on a 30-day rolling basis after the November election, declined during the April sell-off and has since held below $10 billion. A low-volume rally is often viewed as a bear trap. However, that's not necessarily the case this time, as ETFs have recently gained popularity as investment vehicles. According to FalconX, the cumulative volume in the 11 U.S.-listed spot bitcoin ETFs has surged from approximately 25% of the global spot BTC market volume to a record 45% in under two months. The spike in ETF volume stems mainly from bold directional bets rather than non-directional arbitrage bets like the cash and carry trade, involving a long position in the ETF and a simultaneous short position in the CME BTC futures. The 11 spot ETFs have amassed $44 billion in net inflows since inception in January 2024, according to data source Farside Investors. BlackRock's IBIT, the largest of them all, attracted $6.35 billion in May, the most since January 2025, indicating growing institutional demand for BTC amid trade tensions and bond market jitters. "All of this points to room for growth and suggests that ETFs are likely to remain a major force behind demand in this rally," Lawant said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-06-2025
- Business
- Bloomberg
Crypto Prime Broker FalconX Takes Majority Stake in Hedge Fund Monarq
Digital asset prime broker FalconX has taken a majority stake in the parent company of multistrategy crypto hedge fund Monarq Asset Management, as the firm seeks to expand asset management services. Terms of the transaction weren't disclosed. The privately-held company views the investment as an opportunity to expand its institutional client base beyond hedge funds, proprietary trading firms and asset managers, according to Austin Reid, global head of revenue and business at FalconX, which is headquartered in San Mateo, California.
Cision Canada
29-05-2025
- Business
- Cision Canada
HTX DeepThink: Rotation Signals Emerging--Crypto Credit and InfoFi Poised as New Market Focal Points
SINGAPORE, May 29, 2025 /CNW/ -- As May draws to a close, the crypto market continues its upward momentum, fueled by a renewed wave of macro liquidity. Bitcoin demonstrates resilience, with improved on-chain capital structure and a steady rise in risk appetite. High-beta assets and quality altcoins are drawing increasing attention, signaling an emerging rotation trend. This week, Chloe (@ ChloeTalk1) from HTX Research explores the evolving potential and structural value of crypto credit and InfoFi as key sectors in this next phase. Structural Shift Under Macro Support: Bitcoin Holds Firm as Altseason Builds Momentum As of May 21, 2025, the Federal Reserve's net liquidity has rebounded to 6,022.869, recovering strongly from its early-May low. Although it has not yet reached the key range of 6,100–6,200, this trend signals an initial return of liquidity, providing macro-level support for the crypto market. Despite last week's long-bond auctions disappointing on both sides of the Pacific—with the U.S. 20-year yield pushed above 5 %, and Japan's long-end rates setting 25-year highs—stoking global liquidity-squeeze fears, the impact is somewhat mitigated. The U.S. Treasury is primarily absorbing cash mainly via 3- to 6-month T-Bills, which tends to drain money-market funds rather than risk assets. Furthermore, the Fed retains the ability to pause quantitative tightening (QT) or open its repo facilities at will, capping potential spillover effects. Bitcoin has held firm. Spot ETFs continue to post modest daily inflows, over 70 % of Bitcoin supply has remained dormant for six months or more, exchange balances are falling, and Asian/Middle-East buyers continue to buy dips. Even if net Treasury issuance jumps to roughly $1.25 trillion in Q3, short-dated supply and repo backstops dilute the drag on high-beta assets, while ETF passive holdings and "hard hands" diffuse selling pressure; a weaker-dollar narrative adds further support. On-chain data shows that public chains like Solana and Base are seeing sustained increases in activity, with capital gradually shifting from BTC-dominated safe-haven assets to high-beta altcoins. BTC Dominance remains elevated and has not yet experienced a significant pullback, but if it drops below 52% in the coming sessions, coupled with further liquidity expansion, a new altcoin season could kick off. Analysis on Trending Sectors Wall Street Doubles Down on Crypto Credit: Maple Becomes the Institutional Capital Gateway Cantor Fitzgerald has launched a Bitcoin-collateralized credit program with a total size of $2 billion, signaling Wall Street's formal and large-scale entry into the crypto credit market. Initial recipients of this facility include crypto broker FalconX and the decentralized lending protocol Maple Finance. FalconX has already drawn over $100 million under this framework, and Maple Finance has completed its first loan issuance through the program. The $SYRUP token, associated with Maple Finance, is available on HTX through spot trading, perpetual futures, and earn products. Since its spot listing, $SYRUP has surged by 110%, with strong performance also seen in derivatives—underscoring growing market recognition and investor confidence in the project. Maple's newly launched syrupUSDC/USDT perpetual institutional credit pool offers 8–12% annual yields with high collateral transparency, rapidly attracting large volumes of idle institutional stablecoins. This month, the TVL surged from $800 million to $1.3 billion—markets are "voting with their feet," fully validating the appeal and growth potential of the SYRUP model. Based on current on-chain trends and macro liquidity data, $COOKIE is expected to be on the verge of explosive growth within the InfoFi sector. Compared to similarly positioned projects like Kaito, CookieDotFun's current market cap is just one-fifth. Once the Cookie leaderboard, ad slot bidding, and other InfoFi monetization mechanisms go live, $COOKIE' valuation ceiling could be lifted. HTX has launched COOKIE/USDT perpetual futures, while KAITO —previously featured in the HTX DeepThink column—has also been listed on HTX, with a remarkable 138% gain over the past 30 days. *The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. About HTX DeepThink: HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers " Find Order in Chaos." About HTX Research cryptocurrency, blockchain technology, and emerging market trends.
Yahoo
27-05-2025
- Business
- Yahoo
Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple
Wall Street investment bank Cantor said on Tuesday it has executed the first transaction of its new bitcoin BTC lending business as part of the firm's plan to offer $2 billion in first firms to secure financing from the credit facility include Maple Finance, a crypto lender with over $1.8 billion of assets on its platform, and FalconX, a digital asset prime brokerage. The Wall Street giant announced its plan to launch the business in July, saying it wanted to build a platform to support bitcoin investors' financing needs. "Institutions holding bitcoin are looking to broaden their access to diverse funding sources, and we are excited to support their liquidity needs to help them drive long term growth and success," said Christian Wall, co-CEO and global head of fixed income at Cantor. Cantor Fitzgerald also manages stablecoin issuer Tether's stockpile of U.S. Treasuries that backs the value of the $142 billion USDT stablecoin. The firm's former CEO, Howard Lutnick, currently serves as the Secretary of Commerce and has been a vocal proponent of integrating BTC into traditional finance. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
