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Former Head of Trading at FalconX Leaves the Company
Brian Strugats, the head of trading at cryptocurrency prime broker FalconX, has left the company, according to an internal memo seen by CoinDesk.
Strugats left the firm last week, the memo said.
About Brian Strugats
He had been employed by the crypto firm for more than three years and was based in New York, according to his LinkedIn profile.
About FalconX
FalconX was established in 2018 and was valued at $8 billion at the time of a mid-2022 funding round. It describes itself as the largest digital assets prime brokerage for institutions.
Prime Brokers in Financial Markets
Prime brokers are an essential part of financial markets, both crypto and TradFi. They are responsible for providing trading, financing, and custody services to large institutions.
Brian Strugats’ Prior Work Experience
Prior to FalconX, Strugats previously worked at investment firm XN and Glenhill Capital. He started his career as a fund accountant at GlobeOp.
Conclusion
The departure of Brian Strugats from FalconX may have significant implications for the company’s trading operations and its relationships with institutional clients. As the crypto market continues to evolve, it will be interesting to see how FalconX adapts to the changing landscape.
FAQs
- What is FalconX? FalconX is a cryptocurrency prime broker that provides trading, financing, and custody services to large institutions.
- What is a prime broker? A prime broker is a financial institution that provides trading, financing, and custody services to large institutions.
- What is Brian Strugats’ background? Brian Strugats has over three years of experience in the crypto industry, having worked at FalconX, XN, and Glenhill Capital.
- Why did Brian Strugats leave FalconX? The exact reason for Strugats’ departure is not publicly known, but it is reported that he left the company last week.
