Crypto Brokers Gone Wild: Why Are All the Cool Kids Merging? 🦅💸

So, FalconX-the crypto world’s most chill prime broker-just decided to crash the ETF party by acquiring 21Shares, a Swiss company that’s basically the Elon Musk of crypto asset management (but less drama, hopefully). 🚀

Deal terms? Undisclosed. Because nothing says “transparency” like buying a company and then hiding the receipt like it’s a surprise birthday party. 🕵️♂️

From Market Making to ETF Dreaming

FalconX is now pivoting harder than a spinning gyroscope, thanks to 21Shares’ 11 billion in assets and European street cred. Suddenly, they’re not just a liquidity provider-they’re a full-service crypto buffet. Staking strategies? Smaller tokens? Derivative wrappers? Sure, why not! It’s like upgrading from a toaster to a spaceship. 🚀🌌

Meanwhile, FalconX launched a 24/7 OTC options platform last month. Because sleep is for the weak, and crypto never sleeps. 😴

21Shares, meanwhile, just listed its 50th ETP in Europe. Congrats! You’re now the Ryanair of crypto ETFs. ✈️

M&A Madness: The Crypto Edition

Turns out, crypto companies are merging like it’s a group project and everyone’s trying to look busy. Coinbase bought Deribit for $2.9B-because why trade crypto when you can just buy the entire playground? 🛒

Kraken also snatched up Small Exchange for $100M. Next step: buying a lemonade stand and calling it a “decentralized refreshment protocol.” 🍋

Regulators are suddenly nicer than a free coffee coupon, so the M&A train is leaving the station. All aboard! 🚂

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2025-10-22 16:36