FalconX, one of the largest institutional digital asset prime brokers in the world, has laid off roughly 10% of its global workforce. The cuts hit Singapore especially hard, where half the office was let go.
What happened at FalconX
With over 350 employees globally before the cuts, that translates to roughly 35 positions eliminated across operations.
FalconX cited an expected market downturn as the driving factor.
This isn’t the first sign of internal turbulence at the firm. Back in March 2025, FalconX experienced a wave of 10 to 15 senior staff departures, including its European head and global chief compliance officer.
