Full-Time

Head of Market Making

Posted on 8/1/2024

FalconX

FalconX

201-500 employees

Institutional crypto trading platform for financial institutions

Fintech
Crypto & Web3

Compensation Overview

$160k - $210kAnnually

+ Performance Linked Bonus + Equity

Senior, Expert

San Francisco, CA, USA

Applicants must be located in California.

Category
Sales & Trading
Finance & Banking
Requirements
  • BSc/MSc in Business/Economics/Finance or any related degree
  • Deep knowledge of token ecosystems and different protocols
  • Expertise in either TradeFi and Crypto market making through relevant experience as a market maker or sales/bd for a market making firm
  • 10+ years of relevant experience in a Trading Prop Shop, Market-maker, Asset Manager, Hedge Fund, or Brokerage Environment
  • 4+ years of relevant experience in Crypto, either at a Market-maker, Crypto VC, Liquid Fund, Exchange, or Institutional shop
  • Experience in business development or any client-facing role (institutional sales, asset management, investment banking, etc)
  • Experience valuing Token projects and Tokenomics either through angel or VC investing, or at a liquid token fund.
  • Excellent communication skills, both verbal and written - this is not about pitching, but being influential, concise, precise, a good listener; being clear on next steps and always following up on promises
  • Experience delivering business results - be ready to converse about numbers/quota achievements, etc
Responsibilities
  • Grow the Market Making Business - this includes developing and executing your own growth plan which will have many angles to it: acquiring new counterparties, developing existing relationships, and execution of agreements.
  • Develop new relationships with high-profile crypto projects, crypto VCs, institutional investors, and other parties of the crypto eco-system.
  • With an 'owner' mentality, you focus on the ultimate result (short and long-term P&L for the company), on strategically growing the business for the future.
  • Work with various cross-functional teams to launch token projects and implement market making strategies, while leading brand awareness in the key markets globally.
  • Deepen existing relationships with global centralized exchanges and focus on new partnership opportunities with counterparties in the Defi space.
  • Keep track of key launches, fundraises, and news in the crypto eco-system and proactively identify partnership and business development opportunities.
  • Coach future Business Development Associates who will be in charge of either specific markets or specific products in the regions around the globe.

FalconX is an institutional crypto trading platform that serves financial institutions in the digital assets market, including cryptocurrencies like Bitcoin and Ethereum. It simplifies trading by providing clear price discovery and efficient trade execution, allowing clients to transact without hidden fees. The platform is trusted by major financial institutions and offers tailored services such as trade execution, credit, and treasury management. FalconX aims to deliver a reliable and comprehensive trading experience for institutional clients.

Company Stage

Series D

Total Funding

$415.4M

Headquarters

San Mateo, California

Founded

2018

Growth & Insights
Headcount

6 month growth

8%

1 year growth

33%

2 year growth

54%
Simplify Jobs

Simplify's Take

What believers are saying

  • FalconX's auto-liquidation service improves capital efficiency for APAC crypto miners.
  • The partnership with SignalPlus enhances crypto options trading capabilities.
  • Substantial funding reflects strong investor confidence in FalconX's growth potential.

What critics are saying

  • Regulatory scrutiny may increase following a $1.7 million CFTC fine.
  • Volatility in the cryptocurrency market could impact revenue streams.
  • Increased competition from new entrants like Arbelos Markets poses a threat.

What makes FalconX unique

  • FalconX offers seamless price discovery and trade execution for institutional clients.
  • The platform eliminates slippage and hidden fees, enhancing trading efficiency.
  • FalconX is the first custodian supporting the Avail token, showcasing innovation.

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