To expand its cryptocurrency trading platform, FalconX has secured $17 million in funding from Accel, Accomplice, and Coinbase Ventures

FalconX is a digital asset best trading platform UK review that uses data science to provide its clients with the best possible execution. The company made the announcement today that it has secured $17 million in financing from a variety of investors, including Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, which is a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments.

With this funding, FalconX plans to introduce new products, expand its trade execution suite, and scale its infrastructure to meet the growing demand for cryptocurrency from institutional investors.

"We are moving into an era that will be defined by the true digitization of value, whether it be Bitcoin, Ethereum, or new experiments such as Libra, or Digital Yuan. This will be very similar to what we saw in the early 2000s with the digitization of information on the internet.

According to Raghu Yarlagadda, CEO and co-founder of FalconX, the current digital financial infrastructure is "grossly inadequate." Open, permissionless, and truly global digital assets are unlikely to be adopted by mainstream institutions as long as this is the case.

"FalconX is building the connective tissue by ensuring that price discovery, trade execution, and value transfer are all carried out in a seamless manner.
The infrastructure for the future of digital assets will be provided by our technological advancements.

Riot Blockchain has released their financial results for the first quarter of 2020, along with recent highlights from their legal, operational, and financial departments.

Tight spreads, the elimination of slippage and hidden fees, and the maintenance of enterprise-grade security have all contributed to FalconX's success over the past ten months, during which time the company has generated $7 billion in global trading volume at a quarterly growth rate that is over 600 percent.

Best trading platform UK beginners as a principal, FalconX has established robust liquidity by utilising a variety of lit liquidity pools (exchanges) in addition to its own proprietary dark pools.

Over one hundred different types of traditional financial institutions, such as hedge funds, proprietary trading firms, payment gateways, over-the-counter trading desks, cryptocurrency miners, and exchanges, make up its client base.

FalconX is increasing the size of its regulatory footprint in order to continue expanding its customer base into new jurisdictions and product categories.
"By addressing some of the most significant inefficiencies in the cryptocurrency markets, FalconX makes it possible for us to run a trading desk that is more productive.

According to Brad Koeppen, Head of Trading and Business Development at CMT Digital, a proprietary trading and financial services firm founded in 1997 with offices across the United States and Europe, "I have been extremely impressed with FalconX's relentless focus on delivering value-added solutions and superior customer service."

In 2018, Raghu Yarlagadda and Prabhakar Reddy established the company that would become FalconX.

Raghu is an engineer by training and an entrepreneur by nature. Before joining FalconX, he served in several product leadership roles, including one at Google, where he was instrumental in growing Chromebooks into a business that generated multiple billions of dollars in revenue.
Prabhakar is an investor, an engineer, and a serial entrepreneur. Previously, he worked at the venture capital firm Accel, where he drove investments in blockchain and enterprise SaaS companies.

Silicon Valley and Wall Street are both represented on the founding team, with members having previously worked at Google, Citadel, Goldman Sachs, Jump Trading, PayPal, Pantera Capital, WorldQuant, Kraken, and PEAK6 Investments, among other companies.

"FalconX has shown extraordinary growth with institutional counterparties as a result of their focus on technology and reliability even in the midst of volatile market conditions.

According to Shekhar Kirani, General Partner at Accel, "They've proven themselves at scale without compromising on enterprise-grade security and high compliance standards, capturing a tremendous opportunity to serve the next generation of institutions looking to enter the digital asset space."

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