FalconX Head of Trading Brian Strugats Departs from Company

Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has departed from the company as noted in an internal memo.

Key points:

• Strugats left FalconX last week after over three years with the firm.
• He was based in New York and previously worked at XN and Glenhill Capital.
• FalconX, established in 2018, reached a valuation of $8 billion during a funding round in mid-2022.
• Prime brokers play a crucial role in providing trading, financing, and custody services to large institutions.