TechFlow, Sept 29 — According to The Block, cryptocurrency trading platform FalconX announced on September 29 the launch of a 24/7 electronic options trading platform, initially supporting four cryptocurrencies: BTC, ETH, SOL, and HYPE. The platform aims to address fragmentation in the over-the-counter market and provide institutional investors with round-the-clock trading services. Josh Lim, Co-Head of Global Markets at FalconX, said that the options market represents the next major frontier for institutional-grade cryptocurrency. Notably, the platform is backed by prominent investment firms including Accel, GIC, and Tiger Global Management, and will offer institutional users features such as proprietary liquidity and multi-leg strategy construction.
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