Big news! FalconX, which supports trading on Binance, just grabbed a major stake in Monarq Asset Management's parent company – previously linked to FTX. This move could seriously boost FalconX's services!
Think of it: more institutional clients beyond just hedge funds and asset managers. FalconX aims to scale its quantitative models and team. Earlier this year, FalconX also acquired Arbelos Markets and partnered with Standard Chartered to amp up institutional crypto banking.
Despite a recent settlement with the CFTC, FalconX is pushing forward. Remember when they raised $150 million at an $8 billion valuation? Surviving the FTX storm, with 18% of their cash held there, is a testament to their resilience.
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