Consequences of FTX: Binance-backed Firm Makes a Bold Move

Great news! FalconX, which supports trading on Binance, has just acquired a significant stake in the parent company of Monarq Asset Management, previously linked to FTX. This move could seriously boost FalconX's services!

Think about it: more institutional clients beyond just hedge funds and asset managers. FalconX aims to scale its quantitative models and its team. Earlier this year, FalconX also acquired Arbelos Markets and partnered with Standard Chartered to enhance institutional crypto banking.

Despite a recent agreement with the CFTC, FalconX is moving forward. Remember when they raised 150 million dollars with an 8 billion dollar valuation? Surviving the FTX storm, with 18% of their cash there, is a testament to their resilience.

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