FalconX launches firm FX desk integrated into crypto prime brokerage

FX conversion in crypto remains complex, slow, and costly, affecting not only crypto exchanges but also institutional traders. In response, FalconX is excited to launch a dedicated foreign exchange desk that also leverages our existing crypto connectivity. This offering enables crypto trading firms, exchanges, and brokers to access a wide range of currency pairs, including major currencies like USD, EUR, GBP, CAD, MXN, and CHF, mirroring the traditional FX market experience. Our FX desk promises enhanced security and improved capital efficiency by effectively modernizing fiat transactions to match the speed and fluidity of crypto markets.

The new global team, under the leadership of Ben Sebley, Richard Usher, and Lux Thiagarajah, brings decades of FX and crypto experience and will leverage the firm’s middle and back office infrastructure and balance sheet whilst establishing new fiat on and off ramps to serve fast-growing frontier markets. Furthermore, they will enhance the movement of funds between traditional currency pairs like Euros and Sterling through same-day settlement.

For our clients, this will offer fiat access along with high-quality service that has historically been difficult to navigate. Our desk will offer deep liquidity in multiple currencies for a wide range of clients, expanding our current product offering. For retail aggregators and brokers operating in the crypto market or looking to launch crypto solutions, the new desk offers a low-cost solution for smaller-sized tickets, across multiple currency pairs, in high volume. Moreover, it will alleviate headaches in the CFO's office by facilitating operational balance movement, profit repatriation, investment, and managing overexposure.

We are excited to welcome this new team that brings a long successful track record of helping clients navigate the complexities of international currency markets, enabling market makers, hedge funds, and crypto companies to effectively trade across markets without the limitations of specific currencies. This offering further underscores our mission to enhance the market structure of crypto, ultimately leading to more robust, trusted, and secure markets for digital assets.

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This material is for informational purposes only and is only intended for sophisticated or institutional investors. This material is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this material is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. This material does not constitute investment advice. To the extent permitted by law, FalconX does not accept any liability arising from the use of this communication. This material may contain information regarding structured products which involve over the counter derivatives. Pursuant to the Dodd-Frank Act, over the counter derivatives are only permitted to be traded by “eligible contract participants” (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not invest in a structured product unless you are an ECP as relevant and fully understand and are willing to assume the risks associated with the product. Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. FalconX Limited is a registered Class 3 VFA service provider under the Virtual Financial Assets Act of 2018 with the Malta Financial Services Authority. FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Foxtrot Pte Ltd and FalconX Golf Pte. Ltd. are not regulated by the Monetary Authority of Singapore.

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