Sources: Crypto broker FalconX plans to go public in 2025, has initiated preliminary discussions regarding an IPO.

BlockBeats reported on June 19 that, according to three sources familiar with the matter speaking to Decrypt, cryptocurrency broker FalconX has engaged in preliminary discussions regarding a potential Initial Public Offering (IPO), with the possibility of filing for listing as early as this year. This move is expected to help the company better cater to the growing demand for digital assets among institutional investors.

Sources revealed that FalconX has held informal talks with bankers and advisors to explore the feasibility of an IPO. As the company accelerates its strategic partnerships and acquisition plans to better serve robust institutional demand for cryptocurrencies, FalconX is considering entering the public market.

Currently, FalconX has yet to hire investment banks, which typically marks the first step in initiating the IPO process. Reports indicate that FalconX's most recent valuation stands at $8 billion, based on a $150 million funding round completed in 2022.