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FalconX raises $50m in new funding at a $675m valuation

San Mateo based cryptocurrency trading platform raised $50m in new funding led by Tiger Global.

The latest round of funding follows backing in December by American Express Co.’s venture arm. FalconX has said its existing investors include Accel, Coinbase Ventures, Accomplice, Lightspeed and Avon Ventures, a venture capital fund with ties to FMR LLC, the parent company of Fidelity Investments.

Tags

crypto, trading, capital markets