US Prime Crypto Broker FalconX Gains ISDA and NFA Approval

FalconX operates as a regulated counterparty, allowing partners to offer crypto derivatives to their client base with well-managed risk exposure.

Digital asset platform FalconX has announced that it has become the first and only cryptocurrency exchange broker registered with the National Futures Association (NFA) and one of the first primary level members focused on cryptography from the International Swaps & Derivatives Association (ISDA).

Targeting institutional investors, FalconX sees ISDA and NFA registration as a vital step for its prime brokerage business, as it now offers the only platform for institutional investors to access the market. growing OTC crypto derivatives to conduct safe and regulated transactions.

Raghu Yarlagadda, co-founder and managing director of FalconX, said, “This is a tremendous opportunity to bring regulated derivatives trading to the United States. With this registration, we are creating a place for our clients to trade OTC crypto derivatives, while providing the trust and security that our institutional partners expect.

“The crypto derivatives ecosystem is at a critical growth stage, and we are very pleased to help accelerate its trajectory by providing simplified and regulated access to OTC derivatives for our institutional clients. As a master reseller, we have always with the best interests of our clients in mind.This is also a huge opportunity for us to be a market leader while offering our signature service to a wider range of investors.

NFA and ISDA registration will allow FalconX customers to enter into futures, options and swap transactions without causing changes to their operational processes using FalconX’s established standards for timing, valuation and confirmation.

FalconX operates as a regulated counterparty, allowing partners to offer crypto derivatives to their client base with well-managed risk exposure.

Most of the crypto derivatives trading volume occurs on exchanges outside of the United States. Now, FalconX will be able to serve domestic institutional investors, who until now had limited access.

FalconX is the first registered crypto swap dealer in the United States, offering comprehensive digital asset management on the only crypto trading platform designed exclusively for institutions.

The company is the first ISDA core member to focus on crypto. For this reason, FalconX will work with ISDA to develop contractual and operational standards for crypto derivatives, creating guidelines for the entire cryptocurrency industry on how to provide secure and regulated access to OTC derivatives.

FalconX connects brokers and institutional investors with trading, credit and clearing in one place. Its crypto-service offering makes it easy for leading banks, FinTech institutions, and investment apps to add crypto to their product offerings.

Based in San Francisco with offices in New York, Chicago, Bengaluru and Malta, FalconX is backed by Accel, Altimeter Capital Management, American Express Ventures, Coinbase Ventures, Lightspeed Venture Partners and Tiger Global Management.

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