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FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading

FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading


Coinpedia
2024-05-14 05:38:23

The post FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading appeared first on Coinpedia Fintech News FalconX settled with the CFTC for $1.8 million, accused of violating commodities laws by operating as a futures commission merchant (FCM) without registration. The firm is known as a digital asset prime broker, and it provided U.S.-based institutional clients access to crypto exchanges for derivatives trading. FalconX lost half its customers after the KYC measures …


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