Express

Accel Leads $17M Pre-Seed Round For Institutional Crypto Trading Firm FalconX

Janelle Fox

Summary: FalconX's multi-million-dollar pre-seed funding included a notable list of investors, which reflects the desire for a platform designed to fight artificially inflated trading volumes in the cryptocurrency industry. According to an announcement from FalconX on May 14, the company had raised a total of $17 million in a round led by Accel, which has giant ...

FalconX's multi-million-dollar pre-seed funding included a notable list of investors, which reflects the desire for a platform designed to fight artificially inflated trading volumes in the cryptocurrency industry.

According to an announcement from FalconX on May 14, the company had raised a total of $17 million in a round led by Accel, which has giant names such as Facebook and Slack in its portfolio, and also received investments from Coinbase Ventures, Fenbushi Capital and Land Avon Ventures.

By Janelle Fox

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago
  • You need to login to comment.