Loading...
Market
Where will FalconX rank among crypto prime brokerage firms by the end of 2025?
5
Resolution / Starting Odds
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Industry reports and market analysis
Story
CFTC Orders FalconX (Falcon Labs) to Pay $1.8M for Illegal Derivatives Trading
May 13, 2024, 06:25 PM
The Commodity Futures Trading Commission (CFTC) has issued an order against crypto prime brokerage firm FalconX for illegally providing U.S. customers access to digital asset derivatives trading platforms. FalconX, also known as Falcon Labs, has agreed to pay $1.8 million to settle the charges, which include operating as an unregistered futures commission merchant. The charges stem from FalconX facilitating derivatives trades on Binance for U.S. customers prior to March 27, 2023, when the CFTC sued Binance. Following the lawsuit, FalconX quickly strengthened its Know Your Customer (KYC) processes.
View original story
Similar markets
Unchanged • 33%
Improved • 33%
Declined • 33%
Remains in top 5 • 25%
Falls out of top 5 but stays in top 10 • 25%
Falls out of top 10 but stays in top 20 • 25%
Falls out of top 20 • 25%
Market leader • 25%
Top 5 • 25%
Top 10 • 25%
Falls out of Top 10 • 25%
1st • 25%
2nd • 25%
3rd • 25%
Below 3rd • 25%
Under 10% • 25%
10% - 20% • 25%
20% - 30% • 25%
Over 30% • 25%
BitMEX leads • 33%
Deribit leads • 33%
Other competitors lead • 34%
Robinhood remains below 10% • 25%
Robinhood captures 10-20% • 25%
Robinhood captures 20-30% • 25%
Robinhood captures more than 30% • 25%
Top 3 • 33%
Top 5 • 33%
Top 10 • 33%
Bitcoin outperforms all • 20%
Ethereum outperforms Bitcoin • 20%
Binance Coin outperforms Bitcoin • 20%
Solana outperforms Bitcoin • 20%
Ripple outperforms Bitcoin • 20%