FalconX Announces Investment from American Express Ventures
FalconX, an all-in-one platform for institutions trading cryptocurrency, announced an investment from American Express Ventures. American Express Ventures joined existing investors Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, adding to the $17 million in funding FalconX announced on May 13, 2020.
Trading as principal, FalconX provides institutional clients the ability to access cryptocurrency markets seamlessly through a single platform for trading, credit, and clearing. Today’s cryptocurrency infrastructure is inefficient for financial institutions – relying on a complex combination of liquidity sources across different markets. FalconX has built a connecting tissue to provide institutional clients with value-added solutions and superior customer service through a single, fully integrated platform.