Crypto Prime Broker FalconX Starts FX Desk With Hires From BCB Group

Crypto prime broker FalconX is expanding its services by launching a dedicated foreign exchange desk in London. The team for the new desk has been hired from crypto banking firm BCB Group. Led by Ben Sebley, the desk will offer crypto trading firms, exchanges, and brokers access to 20 forex pairs, including major currencies such as the U.S. dollar, the euro, and the British pound. The goal of the FX desk is to enhance fund movements across traditional currency pairs with same-day settlement options, as well as establish new fiat gateways. FalconX aims to merge crypto and fiat seamlessly, setting a new benchmark for efficiency and integration in the industry. This move will provide institutional investors with access to the FX liquidity provided by FalconX’s desk, ultimately enhancing digital asset market structure. FalconX is known as the world’s largest digital asset prime broker, offering trading, financing, and custody services to institutions.