According to Odaily Planet Daily, cryptocurrency trading platform FalconX announced the launch of a 24/7 electronic options trading platform on September 29th, initially supporting four cryptocurrencies: BTC, ETH, SOL, and HYPE. The platform aims to address the fragmentation of the over-the-counter (OTC) market and provide institutional investors with round-the-clock trading services. Josh Lim, co-head of global markets at FalconX, stated that the options market is the next major frontier for institutional-grade cryptocurrency. Notably, the platform, backed by renowned investment institutions including Accel, GIC, and Tiger Global Management, will provide institutional users with proprietary liquidity and multi-leg strategy building capabilities. ( The Block )