Digital asset broker FalconX has reduced about ten percent of its global staff. The company is preparing for a prolonged downturn in the cryptocurrency market. This is reported by Bloomberg, citing sources. Approximately half of the staff at the Singapore office has been laid off. Managers and employees of the sales department were among those dismissed. The accounting staff of this division has also been reduced. Before optimization, the company had a staff of about 350 people. FalconX has offices in Silicon Valley and New York City. Representative offices also operate in London, Singapore and Hong Kong. The company redistributes resources to priority business areas. FalconX maintains a presence in the Asia-Pacific region. At the same time, the broker is expanding its regulated business in Europe.

FalconX is reviewing its strategy in Singapore. The company will focus on trading cryptocurrency derivatives. This type of activity does not require a license from a local regulator. FalconX plans to withdraw the application from the Monetary Authority of Singapore. The documents are under review by the MAS regulator. The company has previously applied for a full license. Now the priorities have shifted to other products. The management optimizes the operating expenses of the department. This decision is related to the general market conditions. The cryptocurrency sector is experiencing a period of declining activity. Many companies are reviewing their regional strategies. FalconX adapts the business to the current market realities.

Despite the reduction in staff, FalconX continues to develop through acquisitions. The company has completed several major transactions over the past eighteen months. In early 2025, FalconX bought the startup Arbelos Markets. This company operates in the field of cryptocurrencies. In October, the broker acquired the issuer of exchange-traded products, 21Shares. Last month, FalconX bought bloXroute. She develops solutions for blockchain trading. Acquisitions help expand technological capabilities. Other cryptocurrency companies are also cutting staff. Crypto com and Coinbase have previously reported on similar measures. The industry is adapting to a prolonged period of declining activity. The growth of operating expenses forces us to optimize business processes.