FalconX Raises $50M from Tiger Global and B Capital Group
iHodl.com
Main page News, US Market, US, Exchange, Cryptocurrency Exchanges, Institutional Investors

FalconX, an institutional-focused cryptocurrency exchange supported by American Express Co.’s venture arm, has raised $50 million from Tiger Global and B Capital Group, Bloomberg reports.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The California-based cryptocurrency startup raised its net revenue by 46 times and the company is now reportedly valued at $675 million. The exchange processes approximately $6 billion in volume a month and attracted capital from Coinbase Ventures, Accel, Accomplice, Lightspeed and Avon Ventures, a venture capital fund with ties to FMR LLC, the parent company of Fidelity Investments.

Cryptocurrency Custodian Komainu Raises $25M in Series A Round

Scott Shleifer, partner at Tiger Global, claims FalconX is "positioned" to be an industry leader in the institutional cryptocurrency market.

iHodl earlier reported that BlockFi, a non-bank cryptocurrency lender, raised $350 million in a Series D fundraising round that values it at $3 billion. The company attracted capital from Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close