FalconX Lays Off 10% of Staff as Crypto Market Slump Continues

TLDR FalconX laid off about 10% of its global workforce, citing a prolonged downturn in the crypto market. The prime brokerage is withdrawing its Singapore license application and shifting its regional focus to derivatives trading. FalconX had roughly 350 employees across the US, UK, Singapore and Hong Kong before the cuts. The company joins Coinbase, [...]

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