FalconX has reportedly been selected recently by Xapo Bank to serve as its primary liquidity provider.
FalconX confirmed in a blog post that their strategic partnership with Xapo Bank, which is a regulated banking platform and Bitcoin custodian based in Gibraltar.
Via this collaboration, FalconX will aim to serve as Xapo Bank’s primary Bitcoin liquidity provider, giving them access to “institutional-grade” liquidity along with more sophisticated digital trading infrastructure. In the coming years, the institutional adoption of Bitcoin and other digital assets is expected to increase significantly. In order to cater to the anticipated surge in demand, many services providers are now preparing to strategically expand their digital assets / crypto-focused solutions.
FalconX’s digital trading infrastructure has reportedly been built with “reliability” as well as robust security at the forefront, providing “consistent uptime” and 24/7/365 dedicated support.
As explained in the announcement, their compliance framework ensures that every counterparty is vetted with (know your customer) KYC/ (anti- money laundering) AML protocols, giving Xapo Bank the “confidence” to trade in a secure manner.
In addition to this, FalconX says that it offers “competitive” pricing, “outperforming” global crypto exchanges “over 90%” of the time in BTC and ETH trades.
As clarified in the update, these figures reflect YTD 2024 performance as of August 1, 2024, assuming 3 bps exchange fees and no slippage.
Seamus Rocca, CEO of Xapo Bank, said that by collaborating with FalconX, they’ve enhanced their ability to provide customers with “reliable access” to Bitcoin.
Rocca added that FalconX’s infrastructure and “competitive” pricing have been key in strengthening their trading capabilities, allowing them to provide more value to clients.
This partnership with Xapo Bank highlights FalconX’s commitment to supporting retail platforms and banks with “institutional-grade liquidity” and a “full suite of prime services,” such as lending, borrowing, FX.
Their offering empowers platforms like Xapo Bank to navigate the complexities of the global trading ecosystem.
