B2C2, a cryptocurrency market-maker owned by Japan’s SBI Holdings, has expanded its choices with the addition of digital choices buying and selling for the over-the-counter (OTC) crypto market.
Introduced on Monday, the brand new characteristic is being provided by way of the corporate’s Single Supplier Platform.
“Offering our shoppers with the flexibility to commerce OTC choices electronically displays important development in institutional demand for derivatives over the previous 12 months,” B2C2’s Head of Choices, Johannes Woolard, mentioned.
Introducing…
⚡️B2C2’s Choices Chain!⚡️
Delivering true ‘level & click on’ digital OTC choices buying and selling, for the FIRST time in Crypto!
Be taught extra in our press launch: https://t.co/pXYg8WsbPH
— B2C2 (@B2C2Group) October 31, 2022
The digital choices buying and selling characteristic not solely offers merchants extra off-exchange buying and selling choices, however its choices chain additionally offers a complete view of the OTC costs.
Based in 2015, B2C2 tapped the institutional cryptocurrency market by offering liquidity. It was acquired by Japanese large, SBI Holdings, on the finish of 2020, solely 5 months after the conglomerate made an preliminary funding of $30 million within the crypto firm.
The corporate, with headquarters in the UK and places of work in US and Japan, is increasing its footprint in main markets just like the US with the appointment of Nicola White because the US CEO. She first joined the corporate as its US President final 12 months.
In the meantime, Sygnum Financial institution turned the primary firm to execute OTC choices commerce on B2C2.
Sygnum Financial institution’s Head of Buying and selling, Dominic Lohberger, mentioned: “B2C2 is taking institutional crypto derivatives buying and selling to the subsequent stage. As a regulated digital asset financial institution with institutional shoppers, Sygnum is proud to be executing the primary OTC commerce with the B2C2 Choices Chain. Collectively we’re setting the trail for the way forward for digital crypto buying and selling.”
