Financial services giant American Express shared that it has made an investment in crypto trading platform FalconX.

American Express, one of the largest financial companies in the USA, made a rapid entry into the crypto money market with its latest investment in an institutional crypto trading platform FalconX. American Express Ventures did not specify the true size of the investment.

According to the official press release shared by FalconX, American Express plans to explore a great opportunity to offer services related to digital assets with the latest partnership.

FalconX stands out as a digital asset trading platform focused on institutional investors. The current market value of American Express, founded in 1850, is now around $ 95 billion.

The finance firm has recently stepped up efforts to meet the growing demand for digital assets. The latest investment in FalconX has been a major step towards the adoption of the ever-evolving crypto market.

Harshul Sanghi, Global Head of American Express Ventures, said:

Additionally, Sanghi stated that they value investing in such initiatives. The financial services giant also expressed their appreciation for supporting FalconX, which continues to drive innovation in the digital asset space.

In addition to American Express’s recent investment, FalconX reported a huge increase in corporate customers and revenue. The company noted that its investment managers treat cryptocurrencies as an inflationary protection against traditional assets.

At the same time, FalconX raised about $ 17 million earlier this year from different initiatives to grow crypto trading services.

American Express, one of the largest financial companies in the USA, made a rapid entry into the crypto money market with its latest investment in an institutional crypto trading platform FalconX. American Express Ventures did not specify the true size of the investment.

See Also
Crypto-Friendly SEC Member Speaks About Ripple Case! What Will The Fate of XRP Be?

According to the official press release shared by FalconX, American Express plans to explore a great opportunity to offer services related to digital assets with the latest partnership.

FalconX stands out as a digital asset trading platform focused on institutional investors. The current market value of American Express, founded in 1850, is now around $ 95 billion.

The finance firm has recently stepped up efforts to meet the growing demand for digital assets. The latest investment in FalconX has been a major step towards the adoption of the ever-evolving crypto market.

Harshul Sanghi, Global Head of American Express Ventures, said:

Additionally, Sanghi stated that they value investing in such initiatives. The financial services giant also expressed their appreciation for supporting FalconX, which continues to drive innovation in the digital asset space.

In addition to American Express’s recent investment, FalconX reported a huge increase in corporate customers and revenue. The company noted that its investment managers treat cryptocurrencies as an inflationary protection against traditional assets.

At the same time, FalconX raised about $ 17 million earlier this year from different initiatives to grow crypto trading services.

LEAVE A REPLY

Please enter your comment!
Please enter your name here