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FalconX expands to Singapore, offering OTC derivatives services in Asia-Pacific region.

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It is reported that FalconX, the digital asset platform, announced that it would expand its services to Singapore. Matt Long has joined FalconX as the general …

FalconX expands to Singapore, offering OTC derivatives services in Asia-Pacific region.

It is reported that FalconX, the digital asset platform, announced that it would expand its services to Singapore. Matt Long has joined FalconX as the general manager and Ave King as the chief compliance officer. They all work in Singapore. In addition to important senior executives, FalconX also launched its OTC derivatives business in Singapore to provide services to institutional customers in the Asia-Pacific region,

Digital asset platform FalconX launched OTC derivatives business in Singapore

Interpretation of the news:


FalconX, the digital asset platform, has announced its expansion into Singapore with the appointment of senior executives and the launch of its over-the-counter (OTC) derivatives business in the Asia-Pacific region. The company has hired Matt Long as the general manager and Ave King as the chief compliance officer, both of whom will work in Singapore.

The move into Singapore is a significant expansion for FalconX, as Singapore remains a major financial center and hub for digital assets in the Asia-Pacific region. The company is looking to leverage the region’s growing demand for digital asset services and its strategic location as a gateway to Asia.

As part of its expansion strategy, FalconX has launched its OTC derivatives business in Singapore to provide services to institutional customers in the Asia-Pacific region. This new offering will enable FalconX to broaden its customer base beyond its current retail-focused model, which has proven successful in the United States.

The company’s foray into the OTC derivatives market is a reflection of its ambition to tap into the growing demand for sophisticated financial products in the region. The OTC derivatives market is expected to reach $20.9 trillion by 2022, according to a recent report by the Bank for International Settlements. By launching this business in Singapore, FalconX hopes to capitalize on this growth potential and offer institutional customers a diverse array of financial products.

FalconX’s expansion into Singapore is a bold move that underscores the company’s confidence in its ability to succeed in the highly competitive digital asset space. The company has shown a willingness to adapt and evolve its business model to stay relevant in a rapidly changing market.

In conclusion, FalconX’s expansion into Singapore is a significant development in the digital asset space, signaling the growing demand for sophisticated financial products in the Asia-Pacific region. The launch of OTC derivatives services in Singapore will enable FalconX to broaden its customer base beyond its current retail-focused model and tap into the region’s growth potential. The appointments of Matt Long and Ave King highlight the company’s commitment to building a strong team in Singapore to support its expansion efforts.

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