FalconX to Acquire 21Shares in Latest Crypto Industry Deal

FalconX said Wednesday it agreed to acquire Swiss crypto exchange-traded product issuer 21Shares, bringing one of the sector’s largest asset managers under its institutional brokerage platform. The companies said the acquisition will combine FalconX’s trading and prime brokerage infrastructure with 21Shares’ exchange-traded product platform spanning Europe and the United States. The Swiss issuer already manages over $11 billion in assets across 55 listed crypto products, while FalconX has facilitated over ...