The crypto industry is rebuilding trust after the FTX debacle, and secure storage is paramount. Enter FalconX's innovative Prime Connect service, a game-changer for institutional investors.

Trading with Confidence: Prime Connect

Prime Connect allows institutions to trade on leading exchanges like Deribit (the world's top crypto options exchange) while keeping their assets safe in FalconX's secure, bankruptcy-remote custody. This eliminates the risk of exchange insolvency and offers perks like post-trade settlement, institutional credit, and portfolio margining.

Post-FTX Security First:

The FTX collapse exposed the need for robust security measures. Prime Connect addresses this head-on by segregating client assets completely from those of exchanges and trading firms. This fosters trust and empowers institutions to confidently scale their digital asset portfolios.

Deribit Takes the Lead:

Deribit, the world's leading crypto options exchange, is the first platform to integrate with Prime Connect. FalconX plans to expand their reach to additional exchanges in the coming months.

CEX Comeback? Trading Volumes Surge

Interestingly, a recent report by Bybit reveals a significant rise in trading volumes on centralized exchanges (CEXs) like Binance and OKX between October 2023 and March 2024. This suggests a potential return of trust in CEXs, possibly fueled by the enhanced security solutions offered by services like Prime Connect.

DEXs Still Shine

However, decentralized exchanges (DEXs) like Uniswap v3 continue to outpace CEX growth, with Uniswap transcending a staggering $2 trillion in lifetime trading volume. This highlights the ongoing appeal of decentralized finance (DeFi) and its potential for further growth.

The Future is Secure:

FalconX's Prime Connect represents a significant step towards a more secure future for institutional crypto trading. By prioritizing asset safety and offering seamless exchange access, FalconX is helping to rebuild trust in the crypto market.