Executive Summary
- •Bloomberg reports FalconX is cutting 10% of its roughly 350-person global workforce.
- •Sources say the broker is withdrawing its Singapore regulatory application to focus on derivatives.
- •FalconX hasn't officially confirmed the layoffs yet.
Community Sentiment
Key Developments & Data
Bloomberg reports crypto prime broker FalconX is cutting 10% of its global workforce.
The company employed about 350 people across the US, UK, Singapore, and Hong Kong before the reported cuts.
Sources indicate they are withdrawing their regulatory license application in Singapore to pivot strictly toward derivatives trading.
FalconX hasn't officially confirmed the layoffs yet, but the move mirrors recent downsizing at peers like Coinbase $COIN and Crypto-com.
Bitcoin $BTC recently traded below $64,000, which is roughly half its October peak of $126,000.
Zubiqo Intelligence Briefing
Get the unfiltered signal before markets open.
Top tech breakthroughs, venture funding, and market moves—synthesized into a 2-minute morning read. Zero PR fluff.
✓ 100% Free•✓ 1-click unsubscribe•✓ No spam ever
