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American Express Dives Deeper Into Crypto With Trading Platform Investment

  • Startup FalconX focuses on institutional trading clients
  • AmEx has been dabbling in blockchain and crypto for years

American Express Co.’s venture arm has invested in the FalconX cryptocurrency trading platform, another sign that large financial services providers are tiptoeing into the digital-asset sphere.

The credit-card provider didn’t disclose the amount invested in the San Mateo, California-based startup, which raised $17 million in May from the likes of Accel, Coinbase Ventures and a fund affiliated with Fidelity Investments’ parent company.