American Express Invests in Institutional Trading Platform FalconX

December 17, 2020

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FalconX reported Wednesday that American Express Ventures caused the speculation as an augmentation of a to raise money recently, however didn’t reveal a sum.


In May, FalconX uncovered that it had brought $17 million up in a seed round drove by Accel – which has stakes in Facebook and Slack.


Coinbase Ventures, Flybridge Capital Partners, Lightspeed Venture Partners, Fenbushi Capital, and Avon Ventures likewise took an interest at that point.


“Amex Ventures puts resources into new companies as an approach to more readily comprehend arising regions of the installments environment, and we are satisfied to help FalconX as it keeps on driving development in the computerized resource space, including advanced monetary standards,” said Harshul Sanghi, worldwide head of Amex Ventures.


Since the May adjust, FalconX said it has encountered income development of 350% and exchange volumes have significantly increased to about $3 billion consistently. It currently has 250 institutional customers.


Image Courtesy : Pixabay

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