On January 2, FalconX, a cryptocurrency brokerage, confirmed the acquisition of Arbelos Markets.
The announcement got here from FalconX’s CEO and co-founder, Raghu Yarlagadda, who shared the information on social media after a report by Bloomberg. Sources had beforehand prompt the deal would contain a mixture of FalconX inventory and money.
Nevertheless, in line with Bloomberg, the transaction phrases have been finalized with out public disclosure.
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In response to Yarlagadda, combining Arbelos Markets’ buying and selling expertise with FalconX’s assets will allow the agency to supply extra worth to institutional shoppers. He acknowledged:
This isn’t nearly scaling FalconX — it’s about constructing the inspiration for the subsequent part of crypto market development. A wholesome, clear derivatives market is vital to long-term institutional confidence.
FalconX, launched in 2018, has dealt with over $1.5 trillion in buying and selling quantity, serving over 600 establishments and dealing with lots of of tokens. This acquisition aligns with its technique to broaden its choices and enhance companies for skilled buyers.
In the meantime, Arbelos Markets, based in 2023 by Joshua Lim and Shiliang Tang, focuses on crypto derivatives. Lim and Tang introduced intensive expertise from roles at main corporations, together with Genesis International Buying and selling, Galaxy Digital, and LedgerPrime (rebranded as MNNC Group).
As FalconX groups up with Arbelos Markets, cloud-based Bitcoin
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