FalconX

FalconX is an institutional digital asset prime broker that, among its trading services, provides collateralised margin loans, OTC credit and financing for access to trading venues. Its credit and extended settlement business serves sophisticated counterparties only.

Services

The service list covers spot, derivatives and foreign exchange, among others. Extended settlement lets a client hold positions without having to prefund every trade. Financing is offered in fixed and open terms, with duration and notice periods negotiated individually. Collateral can be fiat, crypto or a hybrid, under bespoke agreements. FalconX 360 is described as its electronic financing platform with API access, and prime brokerage financing advertises leverage of up to 5x, subject to underwriting.

Assets and clients

More than 400 tokens are available, with restrictions. Clients include asset managers and hedge funds, and access is limited by credit underwriting and jurisdiction.

Licensing

The company states that FalconX Bravo, Inc. is a CFTC-registered swap dealer, that FalconX Limited is a Malta CASP and financial institution, and that FalconX Delta, Inc. holds NMLS 2419717.