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Showing posts from August, 2021

How to Choose the Best Crypto Exchange in Australia

With Bitcoin currently setting an all-time high record and turning simple Australian traders into multi-millionaires in the process, the timing to invest in the once dreaded cryptocurrency sector has never been this right. Nonetheless, the sector is still the most volatile asset base, and investors can lose millions of dollars in a matter of minutes. There are many things you need to know, among them how to choose a crypto exchange. Picking the wrong crypto exchange can easily lead you down a path full of wasted effort and distractions. Read on to learn how to choose the right crypto exchange.  1. Security Several cryptocurrency exchange platforms have come under severe cyber-attacks in the past and have lost millions worth of coins in the process. For instance, when looking at Australian crypto exchanges, you want to pick an exchange platform with a formidable security system and no history of breaches. A legitimate exchange website should start with HTTPS, and sites starting with HTT...

Institutional Investing Platform FalconX Recently Valued $3

Institutional interest in cryptocurrency experienced exponential growth in 2021, and companies like FalconX , a cryptocurrency exchange solely focused on providing financial services to institutions have front-row seats to the action.  The company has seen its net revenue grow 30x year-over-year, directly linked to the increased demand for crypto from institutional investors. FalconX is considered one of the most valuable institutional cryptocurrency companies, and its August 2021 $210M Series C put it at a $3.75 billion valuation.  The Series C was led by Altimeter Capital, B Capital Group, Sapphire Ventures and Tiger Global with participation from Amex Ventures and Mirae Asset. This follows a $50 million Series B in March 2021, and an investment from Amex ventures in December 2020.  The growth of the FalconX platform, courtesy of the FalconX team. FalconX is unique in that it’s specifically built for institutional investors, rather than retail investors, a category targeted by p...