Crypto company FalconX is on the hunt for acquisitions after a record quarter

Digital asset trading and brokerage firm FalconX is on the hunt for acquisitions ahead of an expected wave of dealmaking in the industry.

Raghu Yarlagaddaco-founder and CEO of FalconX, expects the costs of doing business in the cryptocurrency industry to rise as more institutional players enter the market and regulations tighten. This, in turn, will trigger a “wave of consolidation” in 2025, he said in an interview.

“We are currently actively exploring potential acquisitions and assessing the relevant sectors and key players within them,” Yarlagadda added.

In the digital asset industry, acquisitions are relatively rare despite the $100 billion that…