Digital asset prime broker FalconX has reduced its global workforce by approximately 10%. This action comes as the cryptocurrency market continues to experience a significant slump. The company is also withdrawing its license application in Singapore. FalconX plans to pivot its focus towards crypto derivatives trading. Additionally, the firm intends to expand its presence in Europe.
https://en.cryptonomist.ch/2026/08/04/falconx-crypto-layoffs/