Exchanges, American Express, Funding Rounds, FalconX

American Express is taking a stake in the white-hot cryptocurrency industry, investing in institutional trading platform FalconX.

  • FalconX announced Wednesday that American Express Ventures made the investment as an extension of a fundraise earlier this year, but did not disclose an amount.
  • In May, FalconX revealed that it had raised $17 million in a seed round led by Accel – which has stakes in Facebook and Slack.
  • Coinbase Ventures, Flybridge Capital Partners, Lightspeed Venture Partners, Fenbushi Capital, and Avon Ventures also participated at the time.
  • “Amex Ventures invests in startups as a way to better understand emerging areas of the payments ecosystem, and we are pleased to support FalconX as it continues to drive innovation in the digital asset space, including digital currencies,â€Â  said Harshul Sanghi, global head of Amex Ventures. 
  • Since the May round, FalconX said it has experienced revenue growth of 350% and transaction volumes have tripled to about $3 billion on a monthly basis. It now has 250 institutional clients.
Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]

Xem chi tiết: Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers […]

Xem chi tiết: Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office […]

Xem chi tiết: Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft

A new law draft approved just today by the Finance Commission of the Spanish Congress would make Spain-based custody services report the ownership of the cryptocurrencies under management. The law, which was stuck in Congress for some time, aims to close a gap in the legislation that allowed some users to bypass the requirements and […]

Xem chi tiết: Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]

Xem chi tiết: Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]

Xem chi tiết: Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on […]

Xem chi tiết: Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshisâ€. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?†Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin […]

Xem chi tiết: Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

South Korean Police Officers Banned From Buying Cryptocurrency

Coinbase Announces San Francisco HQ Shutdown by 2022

Coinbase Announces San Francisco HQ Shutdown by 2022

Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round

Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements