FalconX seeks acquisition opportunities to prepare for the wave of consolidation in 2025

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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