Brian Strugats Departs from FalconX
In a significant shift within the cryptocurrency landscape, Brian Strugats, the head of trading at the prime brokerage firm FalconX, has officially left the company. This news comes from an internal memo that has been reviewed by CoinDesk. Strugats’ departure occurred last week, marking the end of his tenure at FalconX, where he had dedicated over three years of service.
Based in New York, Strugats has a well-documented professional history, as detailed on his LinkedIn profile. Despite the notable change in leadership, both Strugats and FalconX have opted not to provide any further comments on this development.
Prime brokers like FalconX play a crucial role in the financial ecosystem, spanning both the traditional finance (TradFi) and cryptocurrency sectors. They offer essential services such as trading, financing, and custody solutions tailored for large institutional clients, thus facilitating smoother market operations.
Before joining FalconX, Strugats accumulated valuable experience at investment firms such as XN and Glenhill Capital. He began his career as a fund accountant at GlobeOp, where he honed his financial expertise.
Founded in 2018, FalconX quickly gained recognition and was valued at an impressive $8 billion during a funding round in mid-2022. The firm positions itself as the leading digital assets prime brokerage catering specifically to institutional investors.
