Crypto trading firm FalconX raises fresh cash at valuation above $670 million

FalconX, the crypto brokerage and trading firm backed by American Express, has raised new funding at a valuation around $670 million, The Block has learned.

The round, which will bring in $50 million, is being led by Tiger Global, a New York-based investment firm that has expanded its footprint in the crypto space across a series of notable deals in recent weeks. After publication, another source said the valuation was $675 million. 

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