 
 
Digital property prime dealer FalconX introduced Wednesday it agreed to amass 21Shares, one of many largest suppliers of crypto exchange-traded merchandise (ETPs), for an undisclosed sum.
FalconX’s Deal With 21Shares
In keeping with a report from the Wall Road Journal, the deal will mix FalconX’s buying and selling and prime brokerage infrastructure with 21Shares’ ETP platform spanning Europe and the U.S. because the pair plans to launch derivative-focused and structured crypto funds.
“21Shares has constructed probably the most trusted and progressive product platforms in digital property,” FalconX’s co-founder Raghu Yarlagadda postulated. “We’re witnessing a strong convergence between digital property and conventional monetary markets, as crypto ETPs open new channels for investor participation by regulated, acquainted constructions.”
FalconX has facilitated greater than $2 trillion in buying and selling quantity for over 2,000 institutional shoppers, whereas Zurich, Switzerland-based 21Shares already manages over $11 billion in property throughout 55 listed crypto merchandise as of September 2025.
Notably, the monetary phrases of the acquisition haven’t been disclosed but.
 
After the deal closes, 21Shares will proceed working independently beneath CEO Russell Barlow. In keeping with Barlow, the partnership with FalconX would enable his firm to “transfer quicker” and broaden its foothold. “Collectively, we’ll pioneer options that may meet the evolving wants of digital asset traders worldwide,” he famous.
The deal follows FalconX’s current product enlargement into institutional derivatives. In September, the agency launched a 24/7 over-the-counter choices platform that helps Bitcoin, Ethereum, Solana, and different cryptocurrencies.
Notably, trade acquisition offers have accelerated in 2025 amid a extra lenient U.S. regulatory setting beneath the President Trump regime. Different vital transactions embrace Coinbase’s $2.9 billion takeover of choices platform Deribit, Ripple’s acquisition of prime dealer Hidden Highway, and Kraken’s earlier settlement to purchase U.S. retail futures platform NinjaTrader for $1.5 billion.
