FalconX has announced its acquisition of Arbelos Markets, a crypto derivatives platform, which is a significant deal for the digital asset industry.
FalconX co-founder and CEO Raghu Yarlagadda confirmed the result in a Jan. 3 post on X post-Bloomberg’s earlier report. Sources say the deal includes an equal mix of FalconX stock and cash.
FalconX strengthens institutional services with Arbelos
Founded in 2018, FalconX ranks among the top crypto prime brokerages. The company says it has helped with more than $1.5 trillion of trading volume across 400 tokens from more than 600 institutions globally. This is in line with FalconX’s strategic objective of improving its institutional offerings through its acquisitions.
In 2023, Joshua Lim Shiliang Tang launched Arbelos Markets, which brings expertise from top trading firms, including Galaxy Digital and LedgerPrime. FalconX’s infrastructure will now be integrated with the platform’s derivatives trading capabilities to provide value for institutional clients. Yarlagadda said Arbelos’ trading platform was partnering with FalconX’s robust balance sheet and regulatory framework.
Growth amid crypto challenges
The crypto industry is ripe with regulatory hurdles and high-profile collapses like FTX’s just a few months ago, making the acquisition all the more difficult. Though facing such challenges, FalconX is expanding its reach from hubs in Silicon Valley, London, and Singapore. FalconX aspires to use Arbelos Markets’ strengths to bring innovation in institutional crypto trading.
“This partnership positions us to shape the future of the industry,” Yarlagadda said in his announcement. The acquisition reflects FalconX’s commitment to fostering long-term growth and enhancing its services for institutional clients.
