Digital asset prime brokerage FalconX has launched an auto-liquidation service designed to enhance capital efficiency for crypto mining firms in the Asia-Pacific region, following a turbulent two years that have strained the sector. The service, part of the firm’s broader platform rollout targeting the industry, is designed to help miners operating in capital-constrained environments manage liquidity more efficiently. Its offering automates the conversion of crypto mining rewards, including Bitcoin, Litecoin, and other proof-of-work tokens, into U.S. dollars, the company shared exclusively with Decrypt. FalconX said the service would streamline miners' operations by enabling faster reinvestment into their businesses, removing the need for manual trading or reliance on third-party providers. The company added that its service offers enhanced liquidity while minimizing costs, with low execution fees and minimal slippage.

Source: The Nation October 15, 2024 07:57 UTC