FalconX, a digital-asset prime brokerage, has acquired Arbelos Markets, a crypto derivatives startup founded in 2023 by industry veterans. The acquisition, which is one of the first major crypto deals of 2025, aims to strengthen FalconX's position in the crypto derivatives market. CEO Raghu Yarlagadda expressed confidence that this move will enhance institutional trust in the sector. The acquisition date is noted as January 2, 2025, although the financial terms of the deal remain undisclosed. This event marks the first crypto merger and acquisition of the year, with expectations for increased IPOs, M&As, and capital raises in the near future.