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Crypto brokerage FalconX launches in Hong Kong
Firm hails territory's progressive regulatory framework, appoints commercial lead
The Asset 22 Feb 2024
Belle Leung
Belle Leung

Crypto platform FalconX has expanded into Hong Kong amid growing institutional demand for virtual assets, fast-evolving Web3 market developments, and a progressive regulatory framework in the territory.

FalconX promises to deliver over-the-counter (OTC) brokerage virtual asset derivatives services to professional investors in the city, including proprietary trading firms, family offices, and fund managers.

The company is now actively expanding its institutional client coverage in Hong Kong with a range of senior hires. Belle Leung joins the firm as commercial lead, responsible for building awareness of its services among professional investors. Prior to joining FalconX, she was head of SaaS sales, digital assets, at OSL in Hong Kong.

"Hong Kong has historically been a hub for virtual asset innovation, and continues to lead the market with a clear focus on Web3,” says Asia-Pacific general manager Matt Long. “FalconX’s expansion in the region is a testament to our commitment to global growth and our confidence in Hong Kong's progressive stance on virtual asset regulation and its position at the forefront of the Web3 ecosystem."

FalconX opened its Asia-Pacific office in Singapore in June 2022. In the United States, it was the first cryptocurrency swap dealer registered with the Commodity Futures Trading Commission.

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