FalconX is venturing into Hong Kong to cater to the surging demand from institutional investors. The company aims to provide top-notch over-the-counter brokerage and crypto derivatives services.
The strategic expansion into Hong Kong leverages the region’s reputation for pioneering virtual asset innovation and a strong dedication to Web 3.0 development. FalconX’s APAC general manager, Matt Long, believes the firm is poised for growth.
Moreover, Hong Kong has a welcoming stance towards crypto firms, unlike the stringent measures in the Chinese mainland. The city’s official crypto licensing regime, launched in June 2023, opens doors for retail trading services by licensed exchanges.
The move marks a significant milestone as FalconX expands its footprint to Hong Kong following its Singapore launch in 2023. It underscores the region’s allure as a crypto innovation and investment hub. With Hong Kong’s regulatory frameworks advancing, FalconX’s expansion signals a timely era for institutional crypto engagement in the APAC region.
Also Read: Hong Kong Set to Regulate Stablecoins and OTC Crypto Services
