Crypto Firm FalconX Hunts for Acquisitions After Record Quarter

Digital-asset trading and brokerage firm FalconX is hunting for acquisitions ahead of an anticipated flurry of deal-making in the sector.

Raghu Yarlagadda, FalconX’s co-founder and chief executive, expects the cost of doing business in crypto to rise as more institutional players enter the market and regulations tighten. That in turn will trigger a “wave of consolidation” in 2025, he said in an interview.

“Currently, we are actively exploring potential acquisitions and assessing the relevant sectors and key players within them,” Yarlagadda added.

Acquisitions have been relatively scarce in the digital-asset industry despite the $100 billion that has been ...