Published Tue, Aug 4, 2026 · 09:54 AM

DIGITAL assets brokerage firm FalconX has cut 10 per cent of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter.

Roughly half the staff in its Singapore office – including senior managers and employees in sales and accounting – were let go, according to the people, who asked not to be named while discussing private information.

The firm is adjusting its strategy in the Singapore to focus on crypto derivatives trading, which does not require a permit, and so plans to withdraw its licence application with the Monetary Authority of…