Crypto platform FalconX raises $50M on the back of institutional adoption

Cointelegraph

Published Mar 11, 2021 04:30PM ET

Updated Mar 11, 2021 06:00PM ET

FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that digital assets are becoming more mainstream.

FalconX didn’t specify how the funds would be deployed, but if it’s anything like previous fundraisers, the money will likely go towards business development.

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