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falconx acquires arbelos markets to enhance crypto derivatives offerings
Crypto brokerage FalconX has acquired derivatives platform Arbelos Markets, enhancing its offerings for institutional clients. The deal, confirmed by CEO Raghu Yarlagadda, is expected to be financed through a mix of stock and cash, positioning FalconX for future growth in the crypto derivatives market. Founded in 2018, FalconX claims to be the largest crypto prime brokerage, while Arbelos was launched in 2023 by former bankers Joshua Lim and Shiliang Tang.