Digital asset prime broker FalconX has acquired the derivatives startup Arbelos Markets, founded in 2023 by two seasoned professionals in the cryptocurrency industry. The terms of the deal were not disclosed. According to a report by Bloomberg on Tuesday, the transaction is expected to be financed through a mix of cash and FalconX stock, with insiders requesting anonymity due to the private nature of the discussions.

Digital-asset prime brokerage firm FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023 by two crypto industry veterans.Terms of the transaction weren’t disclosed. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.

FalconX Acquires Derivatives Startup Arbelos Markets