FalconX is a digital asset trading platform that offers a range of products and services for buying, selling, and managing cryptocurrency assets. The company was founded in 2018 and is headquartered in Boston, Massachusetts. It has raised over $17 million in funding from investors, including Accomplice, Avon Ventures, and Fenbushi Capital.
FalconX offers a digital asset trading platform that is designed to be user-friendly and accessible to both retail and institutional investors. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as a variety of fiat currencies, such as the US dollar, the euro, and the British pound. Users can trade these assets directly on the platform, or use FalconX's OTC desk for large transactions.
In addition to its trading platform, FalconX also offers a range of other products and services. These include a digital asset wallet, which provides secure storage for users' cryptocurrency holdings, and a payment gateway, which allows merchants to accept cryptocurrency payments. FalconX also offers a suite of tools and services for institutions and professional traders, including APIs, prime brokerage, and liquidity solutions.
Overall, FalconX is a digital asset trading platform that offers a range of products and services for buying, selling, and managing cryptocurrency assets. Its user-friendly platform and range of services make it accessible to both retail and institutional investors, and the company has raised significant funding from investors to support its growth.
What is OTC?
OTC in crypto, or over-the-counter in crypto, refers to the buying and selling of cryptocurrency directly between two parties, without the use of a cryptocurrency exchange. This is often used for large transactions, such as those involving institutional investors, as it allows the parties to negotiate the terms of the trade directly, without having to go through an exchange. OTC in crypto can also be used for cryptocurrencies that are not listed on any exchanges, or for transactions that require a high level of privacy or security.
In contrast to trading on a cryptocurrency exchange, where buyers and sellers are matched through an automated process, OTC in crypto trading involves a more manual process. Typically, a buyer and seller will agree on the terms of the trade, such as the price, the amount of cryptocurrency to be exchanged, and the payment method, and then complete the trade directly with each other. This can be done through a variety of means, such as through a broker or OTC desk, or through a peer-to-peer platform.
Overall, OTC in crypto is a way of buying and selling cryptocurrency directly between two parties, without the use of a cryptocurrency exchange. It is often used for large transactions or for cryptocurrencies that are not listed on exchanges, and allows for greater flexibility and control over the terms of the trade.