FalconX expands into Hong Kong as institutional demand rises

Quick Take

  • The digital-assets prime brokerage said it plans to offer over-the-counter brokerage and crypto derivatives services to professional investors in Hong Kong.

FalconX, a digital-assets prime brokerage, is expanding into Hong Kong as the region’s institutional demand for crypto assets rises, the company said.

In a Thursday statement, the company said it plans to offer over-the-counter brokerage and crypto derivatives services to professional investors in Hong Kong. Such professional investors include proprietary trading firms, family offices and fund managers.

"Hong Kong has historically been a hub for virtual asset innovation, and continues to lead the market with a clear focus on Web 3.0,” Matt Long, APAC general manager of FalconX, said in the statement. “FalconX is well positioned to grow as Hong Kong’s advanced virtual asset and OTC derivatives regulatory frameworks continue to evolve.”

The Hong Kong expansion comes after FalconX expanded to Singapore in February 2023 to tap the APAC market.

Hong Kong beckons