Wall Street heavyweight Cantor among investment banks pitching crypto trading firm FalconX for its potential IPO
Cantor is among investment banks pitching FalconX for a potential IPO, despite current crypto market pressures.Summary
Cryptocurrency trading firm FalconX is considering an IPO, and Wall Street investment bank Cantor is among those pitching to advise on the offering. FalconX has held preliminary talks with advisors but hasn't formally appointed any yet. Cantor and FalconX already have a relationship through institutional crypto lending, with Cantor providing a significant credit facility. Despite a challenging crypto market, with Bitcoin's price decline and Kraken pausing its IPO, FalconX continues to prepare for a potential listing, having made several acquisitions to expand its services. Cantor's involvement is likely due to their existing relationship and growing presence in the digital asset space, including managing Tether’s U.S. Treasury reserves.
(Source：CoinDesk)