FalconX, a digital assets and cryptocurrency platform for institutional investors, says it has become the first and only cryptocurrency swap dealer registered with the National Futures Association (NFA) and one of the first crypto-focused Primary Level Members of the International Swaps & Derivatives Association (ISDA).
The registration solidifies FalconX as the most comprehensive prime broker for digital assets, offering the only platform that gives institutional investors access to the fast-growing OTC crypto derivatives market to conduct safe and regulated trading.
With this new registration, FalconX clients can now enter into forwards, options and swap transactions with the industry’s most trusted framework. Clients will not incur changes to their operational processes using FalconX’s established standards for timing, valuation and confirmation. By partnering with FalconX as a regulated counterparty, investors can offer crypto derivatives to their client base with well-managed risk exposure.
With most of the crypto derivatives trading volume on exchanges outside the US, domestic institutional investors have had limited access—until now. FalconX is the first registered U.S. crypto swap dealer, offering complete digital asset management on the only crypto trading platform built exclusively for institutions.
As the first primary member of the ISDA with a crypto focus, FalconX will collaborate with ISDA in developing contractual and operational standards for crypto derivatives, creating guidelines for the broader cryptocurrency industry on how to provide secure, regulated access to OTC derivatives.
