Thursday, October 24, 2024 – FalconX stepped into a significant milestone by launching “electronic streaming service” on October 15, an announcement read.
This novel service enables the miners to automatically convert their crypto rewards (BTC, LTC, and other proof-of-work coins) into USD, via a single platform.
The clients are eligible to deposit their crypto rewards by signing in with FalconX, and auto-processing of the conversion will continue without manual trading.
The new service would offer the miners low-cost operations with minimal slippage, FalocnX said.
The ground-breaking initiative would be enhanced to offer liquidity, hedging, cash flow management, and financing solutions in the coming weeks.
The electronic streaming service comes into action during the instability of mining revenue that prevailed over the last months would address the miner needs to offer an efficient platform to ease the reinvestment process.
FalconX is a leading digital asset prime brokerage offering access to global digital asset liquidity and diversified trading options.
