Why is FalconX cutting 10% of its workforce?

FalconX reportedly cut about 10% of staff as falling crypto prices pressure trading volumes and industry revenue.

How many FalconX employees are affected?

FalconX employed about 350 people before the cuts, meaning roughly 35 positions may have been affected.

FalconX plans to withdraw its licence application with the Monetary Authority of Singapore and focus on crypto derivatives.

FalconX reportedly plans to maintain its Asian presence while directing more resources towards expansion in Europe.

Bitcoin (CRYPTO:BTC) was near US$63,500, almost 50% below its October 2025 peak, as the wider downturn pressured crypto firms.

Image for illustrative purposes only. Not a real photo.

Written by Liezl GambePublished Aug 3, 2026, 11:54 PM

FalconX reportedly cut about 10% of its global workforce, affecting an estimated 35 positions.
Bitcoin traded near US$63,500, almost 50% below its October 2025 peak above US$126,000.
FalconX plans to prioritise crypto derivatives, withdraw its Singapore licence application and expand in Europe.

FalconX reportedly cut about 10% of its global workforce, or roughly 35 jobs, as the crypto market downturn continues.

The company had about 350 employees across the US, UK, Singapore and Hong Kong before the cuts.

FalconX has not disclosed which teams were affected, expected savings, severance costs or a timeline for completing the cuts.

The company plans to withdraw its Singapore licence application while keeping an Asian presence and expanding its European operations.

FalconX entered Singapore in 2023 and later launched an over-the-counter derivatives business for institutional customers across Asia-Pacific.

Bitcoin (CRYPTO:BTC) traded near US$63,500, almost 50% below its October 2025 peak above US$126,000.