Digital Assets Brokerage Firm FalconX Expands into Hong Kong

FalconX, a prime brokerage platform for digital assets, is expanding into Hong Kong in response to the growing institutional demand for crypto assets in the region.

The company announced that it will be offering over-the-counter brokerage and crypto derivatives services to professional investors in Hong Kong, including proprietary trading firms, family offices, and fund managers.

Matt Long, the APAC General Manager of FalconX, stated in a press release that Hong Kong has been a hub for virtual asset innovation and continues to lead the market with its focus on Web 3.0.

He believes that FalconX is well-positioned to thrive as the advanced regulatory frameworks for virtual assets and OTC derivatives in Hong Kong continue to evolve.

This move follows FalconX’s expansion to Singapore in February 2023, as part of their efforts to tap into the growing APAC market.