#112 of 115 in the US ranking · Institutional
FalconX Review (October 2026): Fees, US States and Licenses
Best for: Institutional prime brokerage
3.8/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states— Not verified
- New York— Not verified
- Coins— Not verified
- CustodyCustodial
- App Store— Not verified
Our verdict
FalconX is an institutional crypto prime broker founded in 2018, offering spot and derivatives trading, financing, custody and staking to asset managers, hedge funds, family offices and banks. Its affiliate FalconX Bravo, Inc. is a CFTC-registered swap dealer. FalconX completed its acquisition of ETP issuer 21Shares in November 2025 and reportedly filed confidentially for a US IPO in May 2026. Its services are marketed to institutions only, not retail investors.
Pros
- Access to 400+ tokens, per company figures
- Affiliate is a CFTC-registered swap dealer and NFA member
- Trading, financing, custody and staking under one prime broker
Cons
- Institutions only; no retail account option
- Pricing and minimums are not published
- IPO filing reported in May 2026 but not completed
FalconX fees
- Maker / taker
- — Not verified
- Simple buy
- — Not verified
- Volume tiers
- Negotiated institutional pricing; no public fee schedule was found.
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- — Not verified
- Minimum deposit
- — Not verified
Is FalconX available in my state?
FalconX describes itself as a prime brokerage for institutions (asset managers, hedge funds, family offices, banks); no retail account offering appears on its site (viewed Oct 2026).
The list of states this platform serves is not verified yet.
- New York
- — Not verified
- ID check (KYC)
- Yes
- Withdraw crypto
- — Not verified
- Funding
- — Not verified
Is FalconX regulated?
- NMLS 2419717
- CFTC
- US operator
- FalconX Bravo, Inc. (CFTC swap dealer); FalconX Delta, Inc. (NMLS ID 2419717)
- Parent company
- — Not verified
- State licenses
- FalconX Delta, Inc. is listed with NMLS ID 2419717; individual state licenses were not checked
- New York license
- — Not verified
- CFTC / NFA
- Swap dealer registered with the CFTC and NFA member (FalconX Bravo, Inc.)
- Other
- FalconX Limited is licensed by Malta's MFSA as a crypto-asset service provider; a confidential draft S-1 for a US IPO was reported on May 29, 2026
- Founded
- 2018
- Headquarters
- Silicon Valley, CA, USA
How secure is FalconX?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- — Not verified
Incidents since 2019
None found in the sources checked.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on FalconX
- Spot
- Advanced trading
- Staking
- Options
- Margin
- Earn
- Lending
- OTC desk
Institutional prime brokerage: spot, derivatives and FX trading, electronic options, margin and OTC lending, structured products, integrated custody and staking, and the FalconX 360 electronic platform. Owns ETP issuer 21Shares (acquisition completed Nov 20, 2025), which operates as an independently managed subsidiary.
- Apps
- —
- Support
- 24/7 trading and operations coverage
FalconX FAQ
Is FalconX regulated in the US?
US customers are served by FalconX Bravo, Inc. (CFTC swap dealer); FalconX Delta, Inc. (NMLS ID 2419717). Registrations and licenses on record: NMLS 2419717, CFTC.
Does FalconX require ID verification?
Yes. FalconX verifies your identity before you can trade.
Alternatives to FalconX
BitGo#97 · Institutional custody4.7
Anchorage Digital#99 · Federally chartered institutional custody4.4
Zero Hash#100 · Embedded crypto for platforms4.4
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.