Express

FalconX CEO: New Funds will Help Attract Multi-Billion Dollar Hedge Funds

Amy Liu

Summary: After raising $50 million at a valuation near $700 million, crypto brokerage and trading startup FalconX is preparing to expand its customer base of deep-pocketed hedge funds. The company’s CEO Raghu Yarlagadda said that the new funds will enable the company to expand its sales and marketing team to attract hedge funds that boast assets ...

After raising $50 million at a valuation near $700 million, crypto brokerage and trading startup FalconX is preparing to expand its customer base of deep-pocketed hedge funds. The company’s CEO Raghu Yarlagadda said that the new funds will enable the company to expand its sales and marketing team to attract hedge funds that boast assets in excess of $1 billion.

These types of firms have historically avoided the crypto market but have increasingly expanded their footprint in recent months. "We believe FalconX is positioned to be an industry leader in the institutional cryptocurrency market,” said Scott Shleifer, partner at Tiger Global.

By Amy Liu

Last Update:

Tags: ,,,
Link: FalconX CEO: New Funds will Help Attract Multi-Billion Dollar Hedge Funds   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 2 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 3 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 14 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 15 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 17 days ago

    • You need to login to comment.