Digital asset broker Falcon X has launched an auto-liquidation service designed to boost capital efficiency for crypto mining companies in the Asia-Pacific region, rocking the sector for two years.
The service, the company's broad platform plan aimed at the industry, is designed to help miners operating in capital-constrained environments manage liquidity more efficiently.
The offering will convert crypto mining rewards, including Bitcoin, Litecoin and other proof-of-work tokens, into US dollars, the company exclusively shared. Decrypt.
Falcon X says the service streamlines the service by allowing rapid reinvestment into their businesses, eliminating manual trading or reliance on third-party vendors.
The service offers improved liquidity through reduced costs, lower performance fees and less slippage, the company added.
As part of the process, miners who sign up for the service receive a specific deposit address, through which their crypto rewards are immediately converted into cash.
The company emphasizes that this process will improve operational efficiency – which is critical for an industry known for this Tight profit margins.
It follows a tumultuous 24 months for the crypto industry and miners, who have faced significant challenges due to fluctuating market conditions, rising energy costs, and rising costs. Bitcoin hash rate.
Many miners have struggled with profitability as Bitcoin's inflation and limited access to capital have resulted. Pressure on their work.
FalconX claims its new platform consistently outperforms leading international exchanges in Bitcoin transactions, with more than 90% of transactions taking place at low cost.
“FalconX aggregates more than 94 percent of global spot liquidity, and therefore exceeds the value and depth of major global exchanges,” a spokesperson told Decrypt.
The launch is part of FalconX's broader strategy to strengthen crypto's capital markets through financial and financial services tailored to mining companies.
The company says it is committed to supporting miners as they navigate an increasingly complex and capital-intensive environment.
Backed by investors including Accel, American Express Ventures and Tiger Global, Falconix has presence in major financial centers such as New York, London, Hong Kong and Singapore.
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