The most technologically advanced digital asset trading platform in the world
FalconX is a cryptocurrency and digital assets financial services platform facilitating trading, credit, and clearing for the world’s largest financial institutions, hedge funds, asset managers, venture capital firms, payment providers and investment applications. The company leverages machine learning to provide institutions a single counterparty with access to global cryptocurrency liquidity with 99.9%+ uptime through its web interface, APIs, and 24/7/365 trading desk.
The post FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading appeared first on Coinpedia Fintech News FalconX settled with the CFTC for $1.8 …
The regulator reported the firm voluntarily improved its practices after the CFTC’s civil suit with Binance and its former CEO Changpeng Zhao.
In addition to paying monetary penalties, FalconX must stop providing U.S.-based customers access to crypto derivatives trading platforms.