{"id":33543,"date":"2020-12-17T11:17:39","date_gmt":"2020-12-17T09:17:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33543"},"modified":"2025-08-28T14:20:57","modified_gmt":"2025-08-28T11:20:57","slug":"american-express-invested-in-a-cryptocurrency-company","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/american-express-invested-in-a-cryptocurrency-company\/","title":{"rendered":"American Express invested in a cryptocurrency company"},"content":{"rendered":"<p>FalconX, an institutional-investor-focused platform for trading cryptocurrencies, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201216005723\/en\/FalconX-Announces-Investment-from-American-Express-Ventures-and-Discloses-Around-3-Billion-per-Month-in-Transaction-Volumes\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> investment from American Express Ventures.<!--more--><\/p>\n<p>The amount of funding received by FalconX was not disclosed.<\/p>\n<p>The company provides institutional clients with access to cryptocurrency markets through a single platform for trading, lending and clearing.<\/p>\n<blockquote>\n<p>\u201cWe are seeing growing interest from traditional asset managers, who are adding cryptocurrencies as a hedge against inflation, aided by recent macroeconomic policy,\u201d said Raghu Yarlagadda, co-founder and CEO of FalconX.<\/p>\n<\/blockquote>\n<p>According to the company, it serves more than 250 institutional clients, with a monthly transaction volume of around $3 billion.<\/p>\n<blockquote>\n<p>\u201cFalconX helps simplify an increasingly complex space of digital assets with a platform that brings all information and pricing together in one place,\u201d said Harshul Sanghi, Director of Global Development at American Express Ventures.<\/p>\n<\/blockquote>\n<p>In May, FalconX secured $17 million in funding from Coinbase Ventures and Avon Ventures, the venture-capital arm of FMR LLC, the parent company of Fidelity Investments, as well as a number of other investors.<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FalconX, an institutional-investor-focused platform for cryptocurrency trading, announced investment from American Express Ventures.<\/p>\n","protected":false},"author":1,"featured_media":33544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2068,1133],"class_list":["post-33543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-american-express","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33543"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33543\/revisions"}],"predecessor-version":[{"id":33545,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33543\/revisions\/33545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33544"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}