Wall Street giants such as Cantor are vying to act as underwriters for FalconX's potential IPO.

CoinFeed reported on March 20th, citing CoinDesk, that sources familiar with the matter revealed that Wall Street investment banks such as Cantor Fitzgerald are marketing their potential IPO to cryptocurrency exchange FalconX. FalconX has held preliminary discussions with potential advisors but has not yet formally appointed an investment bank. FalconX had informal discussions with bankers and advisors about listing last year, and its CEO later stated that the company was considering an IPO.