<p>The post <a href="https://coinpedia.org/crypto-live-news/falconx-fined-1-8m-by-cftc-ceases-u-s-crypto-derivatives-trading/" rel="noopener noreferrer nofollow">FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>FalconX settled with the CFTC for $1.8 million, accused of violating commodities laws by operating as a futures commission merchant (FCM) without registration. The firm is known as a digital asset prime broker, and it provided U.S.-based institutional clients access to crypto exchanges for derivatives trading. FalconX lost half its customers after the KYC measures prompted by the actions of CFTC against Binance. The settlement includes a disgorgement of $1,179,008 and a $589,504 civil penalty, requiring FalconX to halt unregistered FCM activities.</p>

FalconX Fined $1.8M by CFTC, Ceases U.S. Crypto Derivatives Trading

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