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FalconX has announced an acquisition of 21Shares, combining prime brokerage infrastructure with the world’s largest crypto ETP platform.
FalconX Pushes Into Crypto ETFs & ETPs With 21Shares Acquisition
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As announced in a press release, FalconX has agreed to acquire 21Shares. FalconX is an institutional crypto prime brokerage that provides large clients with deep global liquidity, derivatives, financing, custody, and settlement across digital asset markets. It has facilitated over $2 trillion in trading volume and hosts a global client base of more than 2,000 institutions.
Meanwhile, 21Shares is the largest issuer of crypto exchange-traded funds and products (ETFs/ETPs). ETFs/ETPs refer to investment vehicles that allow investors to gain exposure to an underlying
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