Crypto Prime Broker FalconX’s Head of Trading Brian Strugats Has Left the Business

Brian Strugats, head of buying and selling at cryptocurrency prime dealer FalconX, has left the enterprise, based on an inner memo seen by CoinDesk.

Strugats left the agency final week, the memo mentioned.

He had been employed by the crypto agency for greater than three years, and was primarily based in New York, based on his LinkedIn profile.

Both Strugats and FalconX declined to remark.

Prime brokers are a necessary half of monetary markets, each crypto and TradFi. They are liable for offering buying and selling, financing and custody providers to massive establishments.

Prior to FalconX, Strugats beforehand labored at funding agency XN and Glenhill Capital. He began his profession as a fund accountant at GlobeOp.

FalconX was established in 2018 and was valued at $8 billion at the time of a mid-2022 funding spherical. It describes itself as the largest digital property prime brokerage for establishments.

Read extra: FalconX Raises $150M at $8B Valuation