[FalconX Has Secretly Filed IPO Application with the U.S. SEC] According to Deep Tide TechFlow on May 29, as reported by CoinDesk, crypto trading firm FalconX has secretly submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) and has hired investment banks such as Cantor to prepare for its initial public offering (IPO). Sources familiar with the matter stated that due to market conditions, FalconX's listing is expected to take place as early as later this year. Founded in 2018, FalconX primarily provides institutional clients such as hedge funds, asset management companies, and market makers with services including digital asset prime brokerage, trade execution, liquidity access, credit, and clearing. The company completed a $150 million Series D funding round in 2022, reaching a valuation of $8 billion.