Falconx expands to Latin America to meet the institutional demand crypt in the region

By Hannah Pérez

The Institutional Level Cryptocurrency School Firm, Falconx, lands in Brazil, with initial partners that include the BTG Pactual Bank and Exchange Mercado Bitcoin.

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• The Institutional Level cryptocurrency brokerage firm, Falconx, lands in Brazil.
• He is working with the BTG Pactual bank giant and the Exchange Mercado Bitcoin.
• The expansion occurs in the midst of greater institutional interest in crypto in Latin America and the world.
• Falconx will help regional banks and institutions to integrate with cryptocurrencies.

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Falconxa Broker Institutional Cryptocurrencies based in California, United States, is expanding its business to Latin America with the objective of meeting the growing institutional demand for digital assets in the region.

In a press release this Tuesday, Falconx He announced that he is landing in the Brazilian market in collaboration with some of the “larger financial institutions “ of the region, with the aim of bringing its platform to one of the cryptocurrency markets of “faster growth“In the world.

The brokerage company revealed that it is working with the leading investment bank, BTG Pactualand the main exchange of cryptocurrencies in Latin America, Market Bitcoin, –both based in Brazil–for expansion.

“Falconx’s expansion in Latin America It is a significant step towards strengthening the institutional ecosystem of digital assets of the region“He said Reinaldo RabeloCEO of Market Bitcoinin the statement.

The expansion occurs at a time when banks around the world are increasingly adopting digital assets, a trend that regulatory clarity in regions such as the United States and Europe have helped accelerate.

Latin America: a growing crypto market

The administration of President Donald Trump is pressing in favor of new cryptocurrency laws, providing legitimacy to a sector previously ignored by the institutions. Renamed Banks of Wall Street, such as JPMorgan, Citi and Bank of Americathey have advanced intentions to venture into the Stablecoins After the signing of the Genius law.

In Latin America, where users have been resorting to cryptocurrencies in search of value and investment protection alternatives due to factors such as inflation and limited access to financial services, the sector are also gaining institutional land due to the macroeconomic context, the growing retail demand and regulatory evolution.

Brazil is no exception. The South American country, which was one of the first in the world to approve an ETF Bitcoinhas seen an increase in the institutional activity of cryptocurrencies in recent years. According to data from Chainysisthis activity increased 48% between the last quarter of 2023 and early 2024, shared Bloomberg.

“Latin America is one of the greatest regions in the adoption of cryptocurrencies, backed by a technologically advanced financial sector, early regulatory frameworks and real economic promoters“, Said Josh Barkhoord, sales director for America of Falconx.

Falconx helps banks to offer cryptocurrencies

Founded in 2018, Falconx Play a leading role when intermediate operations and offer trading, financing and custody solutions to large -caliber institutional actors. Has executed more than USD $ 1.5 billion in volume of operations, according to its website, and has the support of investors such as Accel, American Express Ventures, GIC and Tiger Global Management.

The move to Latin America follows similar expansions in Europe, Asia and the Middle East, where the company has added customers in banks, coverage funds and asset administrators. In May, Falconx He associated with the British Bank Standard Chartered to close the gap between traditional financial services and cryptocurrencies.

Now, expansion to Latin America could facilitate more local institutions to offer trade, credit and custody of digital assets.

“As we continue to expand our global presence, we are proud“Barkhoar added.

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Hannah Estefanía Pérez / Diariobitcoin

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