The Goodwin Technology M&A and Digital Currency & Blockchain teams advised FalconX on its acquisition of Arbelos Markets, a trading firm specializing in crypto derivatives. FalconX operates FalconX Bravo Inc., the first CFTC approved swap dealer focused on cryptocurrency derivatives, and this acquisition further reinforces FalconX’s commitment to expanding its derivatives business and strengthens its position as one of the largest crypto derivatives dealers in the market.
FalconX is a leading digital assets prime brokerage providing trading, financing, and technology to the world's leading institutions. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives. They provide the most comprehensive access to global digital asset liquidity. Their 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta.
The Goodwin team was led by Justin Smith, Michael Gomez, Pablo Hernandez Romero, Graham Labran-Boyd, Gloria Kim, Ora Grinberg, Garrett Gaughan, Grace Wirth, Regina Couto, Brad Stewart, April Sun, Laura Conway, Nicholas Losurdo, Chris Grobbel, Sammy Tang, Gregory Larkin, Jacob Osborn, Jason Wilcox, Justin Shields, Jackie Klosek, Jon Ng, Kevin Lam, Patrick Park, Krystal Lin, Paul Jin, Arom Yun, Alice Thai, and Michael McKenney.
For more information on the deal, please read the press release and coverage in Bloomberg and the Wall Street Journal.