FalconX Raises $210 million in Series C Funding Round at $3.75 billion Valuation

US-based FalconX, a digital asset trading platform that provides clients best execution using data science, has raised $210 million in a Series C funding round, boosting its valuation to $3.75 billion. 

The latest funding round was led by Altimeter Capital, Sapphire Ventures and existing investors B Capital Group and Tiger Global, with participation from Mirae Asset and Amex Ventures.

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According to the official press release, the company will spend the new investment on scaling up, including by hiring staff to further build its technical infrastructure, global expansion -- especially in Asia -- and launching products inspired by customer requests such as a delayed settlement product, which allows institutions to settle in 20 business days.