Wall Street giant Cantor and other investment banks are vying to serve as underwriters for FalconX's potential IPO

According to CoinDesk, informed sources revealed that Wall Street financial institutions such as Cantor Fitzgerald are pitching their potential IPO business to the cryptocurrency trading platform FalconX.

FalconX has had preliminary discussions with potential advisors but has not yet formally appointed an investment bank. FalconX informally discussed going public with bankers and advisors last year, and its CEO later stated that the company is considering an IPO.