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FalconX, a cryptocurrency and digital asset trading platform, has experienced remarkable growth, with its valuation more than doubling to $3.75 billion in Q2 2021, according to CEO Raghu Yarlagadda. The California-based startup secured an impressive $210 million in a Series C funding round led by Altimeter Capital, Sapphire Ventures, B Capital Group, and Tiger Global Management. American Express subsidiary Amex Ventures and Mirae Asset also contributed to the round.
The company intends to leverage the raised funding to expand its product range, pursue strategic acquisitions, and expand its workforce.