This Crypto Broker Raised $150 Mln Despite A Market Crash

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

Crypto broker FalconX has raised $150 million in its latest funding round from top investors despite weak market conditions. The need for a reliable platform for order execution and institutional conviction in digital assets made venture capital firms invest again in FalconX.

FalconX has become one of the most valuable platforms for institutional investors, as it doubled its valuation to $8 billion with the latest funding. The latest round was led by sovereign wealth fund GIC and prominent venture capital firm B Capital, in participation with Wellington Management, Adams Street Partners, Tiger Global Management, and Thoma Bravo.

FalconX Raises Funding from Top Investors Amid Market Volatility

California-based FalconX on June 22 said it has raised $150 million in a Series D funding round. The latest funding has doubled the company’s valuation at a time when the crypto market is under massive pressure.

In fact, several crypto companies such as Coinbase, Gemini, Bybit, and have laid-off employees. The decline in Bitcoin and Ethereum prices have further worsened the market conditions. Venture capital firms and investors have either ceased or slowed their investments in crypto companies in the last two months.

However, the latest funding indicates that venture capital firms still consider crypto companies as a better ROI option amid stagflation and rising inflation.

Raghu Yarlagadda, CEO and Founder of FalconX, said:

“FalconX is one of the very few crypto prime brokerages who do not take on market risk. This investment is a validation of our client-first focus, the health and strength of the crypto industry, and the move towards digital asset transformation.”

FalconX seeks premier talent to increase its workforce by 30%. The funds raised will be used in acquisitions, technology, and data analytics. And also for expanding its services to institutions from trading execution, credit, and prime brokerage.

Crypto Market Faces Massive Pressure as Prices Fall

The crypto market is under intense pressure as top cryptocurrencies continue to fall amid a lack of positive sentiment. Bitcoin and Ethereum prices are currently trading near the $20,000 and $1000 levels, respectively.

However, institutional interest in crypto seems to be rising. Moreover, FalconX’s new funding round shows that there’s still some investor appetite for crypto.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.