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

Bitget App

Trade smarter

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

VCI Global plans to spend 100 million USD to acquire Oobit tokens (OOB) from the Tether-backed crypto payment company Oobit

The US House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several altcoin ETFs are awaiting SEC approval to be listed.