This week, it was announced that American Express Ventures invested an undisclosed amount in FalconX, extending the startup’s $17 million funding round disclosed in May. The company is a market maker that provides an institutional cryptocurrency platform for trading, credit and clearing. Other backers include Accel, Coinbase Ventures, and the parent of Fidelity Investments.
The company claims to be one of the largest full-service providers, with $3 billion processed monthly.
“FalconX is helping bring simplicity to the increasingly complex digital asset space through a platform that provides discovery and pricing all in one place,” said Harshul Sanghi, Global Head of Amex Ventures.
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