MHC Digital Group Partners With FalconX To Expand Crypto Derivatives Offering
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MHC Digital Group, an Australian-licensed company, has teamed up with crypto prime broker FalconX to bring digital asset derivatives to the Australian wholesale market. Through this partnership, MHC’s trading platform, MHC Markets, will offer a range of products, including digital asset derivatives, options, and structured products.
MHC Digital Group, which operates with an Australian Financial Services (AFS) license, was founded by Australian venture capitalist Mark Carnegie, who is also the Executive Chairman.
MHC And FalconX Look To Meet Growing Crypto Demand Among Australian Investors
FalconX recently expanded its portfolio by acquiring Arbelos Markets, a crypto derivatives startup. Ripple, another major player, also acquired Hidden Road, a crypto prime broker, for $1.25 billion.
Edward Carroll, Head of MHC Markets, said that the partnership between MHC and FalconX will offer a strong solution for Australian wholesale investors. He pointed out that Australian investors are already familiar with using derivatives in traditional markets, and this new offering will provide them with more options in the digital asset space.
The partnership comes at a time when interest in cryptocurrencies is growing in Australia, especially with increasing institutional demand.
MHC Digital Group aims to provide digital asset solutions for wholesale investors in Australia, with a special focus on crypto liquidity and trading. FalconX, which operates at the crossroads of traditional finance and digital assets, helps clients navigate the cryptocurrency market by offering comprehensive solutions for a wide range of digital asset strategies.
MHC And FalconX Team Up To Strengthen Digital Asset Offerings In Australia
The company focuses on offering crypto liquidity and trading services. MHC Markets, which launched recently, aims to provide crypto products for Australian investors.
Matt Long, General Manager for APAC and the Middle East at FalconX, explained that the partnership with MHC is important for FalconX’s growth in the APAC region. He highlighted MHC’s deep understanding of Australian investors and their track record in the digital asset space.
By combining MHC’s expertise with FalconX’s capabilities in derivatives, they aim to offer Australian wholesale investors a wide variety of digital asset products in the country’s advanced capital markets.
FalconX is one of the top crypto prime brokerages, valued at $8 billion after raising $150 million in a recent funding round. Founded in 2018, the firm has raised a total of $430 million. It also launched a forex desk in London, where it offers 20 FX pairs.
