[FalconX Secretly Files for IPO, Hires Cantor and Other Wall Street Investment Banks for Guidance] BlockBeats News, May 29: According to sources, crypto trading and brokerage firm FalconX has secretly submitted a draft S-1 filing to the U.S. SEC for an IPO and has hired Cantor Fitzgerald and other investment banks to provide advisory services. However, due to market volatility, FalconX is expected to proceed with the listing no earlier than later this year. Founded in 2018, FalconX primarily provides digital asset trading, liquidity, clearing, and credit services to hedge funds, asset management institutions, and market makers. The company completed a $150 million Series D funding round in 2022, with a valuation of $8 billion at the time. Reports indicate that as market sentiment cools, trading volumes decline, and some crypto IPOs underperform post-listing, several crypto companies, including Kraken's parent company Payward, Consensys, Ledger, and Grayscale, have postponed their IPO plans. Meanwhile, Blockchain.com also secretly filed for a U.S. IPO last week. [Original Link]