FalconX Unveils Prime Brokerage Service to Enhance Institutional Crypto Trading

Prime Brokerage for Crypto

FalconX has recently launched a prime brokerage service named Prime Connect, aiming to fortify the security of institutional trading in the crypto markets. Their service is designed to keep institutional funds in secure, bankruptcy-distant custody while still allowing active trading on various exchanges.

New Era of Safe Trading

Prime Connect not only ensures safe custody of assets but also comes with additional benefits such as post-trade settlement and institutional-grade credit. The first to adapt this service is Deribit, a leading name in crypto options exchanges, setting a precedent for others to follow especially in a post-FTX era emphasizing secure asset segregation.

Future Expansion

The successful launch with Deribit marks the beginning, as FalconX anticipates widening its services to include more exchanges soon. Prime Connect is expected to facilitate a more robust growth for institutions looking to expand their digital asset portfolios with confidence.