Publicly sharing major milestones that includes approximately $3 billion per month in transaction volumes, 150% growth of institutional customers and 350% growth in revenue since May 2020, digital asset platform FalconX announced American Express Ventures as a major new addition to its investor group. They join Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures building on the $17 million announced on May 13, 2020.
FalconX, an all-in-one seamless platform for institutions trading cryptocurrency, provides principal traders with the ability to access cryptocurrency markets, seamlessly handling trading, credit, and clearing. Institutional clients value the combined service solutions with the addition of high quality customer service through the fully integrated platform.
“We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder. “It is a great pleasure to welcome American Express Ventures as we continue to invest in expanding FalconX’s product offering.”
