Aussie Crypto Provider to Offer Derivatives with Prime | Crypto Work Pro
Australia-licensed MHC Digital Group has inked a partnership deal with the crypto prime broker FalconX to present digital asset derivatives to the Australian wholesale market. Announced right this moment (Monday), MHC’s trading platform, MHC Markets, will introduce “a comprehensive suite of digital asset derivatives, options, and structured products” by the partnership.
Targeting the Aussie Institutions
Operating with an Australian Financial Services (AFS) licence, MHC Digital Group was based by Australian enterprise capitalist Mark Carnegie, who serves because the Executive Chairman. The company was established in 2020 and is headquartered in Australia. The MHC Markets unit, launched in This fall 2024, focuses on offering crypto liquidity and trading.
In February 2022, MHC Digital Finance, a subsidiary of MHC Digital Group, was acquired by Intraco Singapore . However, this acquisition was later terminated.
“Partnering with MHC, with its deep understanding of Australian investors and proven track record in digital assets, is a significant milestone in FalconX’s expansion across APAC,” stated Matt Long, General Manager, APAC and Middle East at FalconX.
“MHC’s market expertise and innovative approach, combined with our derivatives capabilities, will allow MHC to provide Australian wholesale investors with a wide suite of digital asset products within Australia’s sophisticated capital markets.”
Rising Demand for Crypto Prime Brokers
When it comes to crypto prime brokerages, FalconX is one of the highest suppliers. It was valued at $8 billion when it raised $150 million in 2022 from traders, together with Tiger Global, GIC, and B Capital. The company, based in 2018, has raised a whole of $430 million throughout a number of funding rounds. It launched a devoted forex desk in London, offering entry to 20 FX pairs.
Earlier this 12 months, FalconX acquired Arbelos Markets, a crypto derivatives startup launched in 2023. Recently, Ripple acquired Hidden Road, one other crypto prime broker, for $1.25 billion.
The partnership between MHC and FalconX comes at a time when demand for cryptocurrencies is rising in Australia. The institutional curiosity within the asset class can also be evident with the launch of Bitcoin futures investments in late 2024 by AMP Capital.
“Our combined expertise creates a powerful offering for Australian wholesale investors who have a proven history of utilising derivatives in traditional asset classes,” stated Edward Carroll, Head of MHC Markets.
Australia-licensed MHC Digital Group has inked a partnership deal with the crypto prime broker FalconX to present digital asset derivatives to the Australian wholesale market. Announced right this moment (Monday), MHC’s trading platform, MHC Markets, will introduce “a comprehensive suite of digital asset derivatives, options, and structured products” by the partnership.
Targeting the Aussie Institutions
Operating with an Australian Financial Services (AFS) licence, MHC Digital Group was based by Australian enterprise capitalist Mark Carnegie, who serves because the Executive Chairman. The company was established in 2020 and is headquartered in Australia. The MHC Markets unit, launched in This fall 2024, focuses on offering crypto liquidity and trading.
In February 2022, MHC Digital Finance, a subsidiary of MHC Digital Group, was acquired by Intraco Singapore . However, this acquisition was later terminated.
“Partnering with MHC, with its deep understanding of Australian investors and proven track record in digital assets, is a significant milestone in FalconX’s expansion across APAC,” stated Matt Long, General Manager, APAC and Middle East at FalconX.
“MHC’s market expertise and innovative approach, combined with our derivatives capabilities, will allow MHC to provide Australian wholesale investors with a wide suite of digital asset products within Australia’s sophisticated capital markets.”
Rising Demand for Crypto Prime Brokers
When it comes to crypto prime brokerages, FalconX is one of the highest suppliers. It was valued at $8 billion when it raised $150 million in 2022 from traders, together with Tiger Global, GIC, and B Capital. The company, based in 2018, has raised a whole of $430 million throughout a number of funding rounds. It launched a devoted forex desk in London, offering entry to 20 FX pairs.
Earlier this 12 months, FalconX acquired Arbelos Markets, a crypto derivatives startup launched in 2023. Recently, Ripple acquired Hidden Road, one other crypto prime broker, for $1.25 billion.
The partnership between MHC and FalconX comes at a time when demand for cryptocurrencies is rising in Australia. The institutional curiosity within the asset class can also be evident with the launch of Bitcoin futures investments in late 2024 by AMP Capital.
“Our combined expertise creates a powerful offering for Australian wholesale investors who have a proven history of utilising derivatives in traditional asset classes,” stated Edward Carroll, Head of MHC Markets.
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