Cryptocurrency company FalconX is currently seeking acquisition opportunities after achieving a historic high in Q2 revenue

According to Bloomberg, digital asset trading and brokerage firm FalconX is seeking acquisition opportunities in response to a series of anticipated transactions in the industry. Raghu Yarlagadda, co-founder and CEO of FalconX, stated in an interview that as more institutional players enter the market and regulations become stricter, the cost of cryptocurrency business will rise, which in turn will trigger a "wave of integration" in 2025. Yarlagadda added, 'Currently, we are actively exploring potential acquisition opportunities and evaluating the relevant industries and key players involved.'. A spokesperson for FalconX stated that the company has seen a significant increase in potential acquisition opportunities. They added that FalconX is seeking to acquire high-quality small companies focused on institutional infrastructure, data and analytics, tokenization, and expanding its trading team by 2025 Falcon X's Q2 revenue reached a historic high, increasing by 2.5 times compared to the same period last year. The spokesperson of the company stated that the revenue from derivative trading has increased nearly threefold. But they refused to disclose specific numbers. FalconX was founded in 2018 and is headquartered in San Mateo, California. It was valued at $8 billion in a $150 million funding round in 2022. According to its website, the company has received support from investors including Tiger Global, GIC, and B Capital, and has over 600 institutional clients.