FalconX to acquire crypto ETF provider 21shares
21shares currently offers the world’s largest suite of crypto ETFs and ETPs, and the move is set to help build out FalconX’s listed markets and digital assets offering.
21shares currently offers the world’s largest suite of crypto ETFs and ETPs, and the move is set to help build out FalconX’s listed markets and digital assets offering.
The firm’s expansion follows recent growth in digital asset and cryptocurrency demand in Latin America, as the region becomes an increasingly prominent player in global markets.
New offering will allow participants to access a broad range of currency pairs, which will mirror the traditional FX market experience.
Integration will provide FalconX access to competitive pricing and liquidity from TP ICAP’s wholesale clients, alongside helping to bridge together the native crypto asset ecosystem and traditional financial markets.
The past week saw appointments across sales, execution services, derivatives and equities.
Individual has previously held senior positions at: Citi, Goldman Sachs, Bank of America Merrill Lynch, PwC, and Coinbase.