Overview
- FalconX implemented a workforce reduction of about 10% on Monday, trimming roughly 35 roles from a staff of around 350 worldwide.
- About half of the company’s Singapore team were let go and FalconX plans to withdraw its Monetary Authority of Singapore licence application to concentrate on derivatives that do not require that permit.
- The cuts follow a string of strategic moves in July when FalconX won European MiCA authorization and acquired blockchain infrastructure provider bloXroute as it builds regulated and on‑chain trading capabilities.
- Company statements and reporting link the layoffs to falling trading volumes and lower crypto prices, with Bitcoin trading near half its October 2025 peak and pressuring institutional revenue.
- The reduction mirrors industrywide cost cuts at other crypto firms and leaves FalconX keeping a presence in Asia while prioritizing steadier revenue lines in Europe, a change that will affect staff, client support and regional product focus.