FalconX, an all-in-one platform for institutions trading cryptocurrency, announced an investment from American Express Ventures. American Express Ventures joined existing investors Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, adding to the $17 million in funding FalconX announced on May 13, 2020.

FalconX is a digital asset trading platform that provides clients best execution using data science, and is backed by Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments.