[Crypto Trading Platform FalconX Secretly Files for IPO, Hires Cantor as Advisor] According to a report by Jinse Finance, sources revealed that cryptocurrency brokerage and trading platform FalconX has secretly submitted a draft S-1 registration statement to the U.S. SEC, initiating the IPO process. The company has hired Wall Street investment bank Cantor and other banking institutions as IPO advisors. Due to market volatility, FalconX is not expected to go public before the end of this year. Founded in 2018, the company primarily provides services such as trade execution, liquidity access, credit, and clearing for institutional clients like hedge funds and asset management firms. In June 2022, FalconX completed a $150 million Series D funding round, reaching a valuation of $8 billion. Recently, due to cooling market sentiment, declining trading volumes, and the lackluster performance of already-listed crypto companies, several crypto firms, including Kraken's parent company Payward, Consensys, and Ledger, have postponed their IPO plans.