TOKYO AND LONDON–(BUSINESS WIRE)–SBI Monetary Providers, the subsidiary of SBI Holdings (“SBI”), immediately introduced the acquisition of B2C2, the buying and selling counterparty of alternative within the institutional crypto markets. The transaction follows SBI Monetary Providers’ settlement to take a minority stake in B2C2 in July this yr.
The mix positions SBI on the centre of the cryptocurrency markets, changing into the pure entry level for monetary establishments looking for a financial institution counterparty to commerce digital belongings. B2C2’s model, expertise, technical experience and buying and selling capabilities allow SBI to open a principal dealing desk in a world first.
Yoshitaka Kitao, President and CEO of SBI Holdings, stated: “B2C2 has an distinctive repute for its world-class services and products, very good know-how and precious shopper base. Their imaginative and prescient, experience and providing complement SBI’s, and we look ahead to working in partnership as we increase our footprint throughout the worldwide markets.”
Max Boonen, Founding father of B2C2, stated: “With Bitcoin hitting an all time excessive this month, it’s dawning on everybody in finance that crypto is right here to remain. The timing couldn’t be higher for SBI, a monetary agency admired for its farsightedness, who will not be merely dipping in however opening a brand new chapter for the trade. The combination is nicely underway, with each companies’ shopper bases already benefiting from our mixed capabilities. We share a daring imaginative and prescient of the affect that crypto will exert on monetary markets over the approaching decade. We’re proud to affix SBI on the forefront of this evolution.”
Milestones since SBI’s preliminary funding embody the appointment of B2C2 as major liquidity supplier, whereby institutional purchasers can now commerce with SBI via B2C2’s platform. For the reason that partnership, OTC volumes have quadrupled, cementing B2C2’s place because the #1 liquidity supplier out there. As well as, the mixing of B2C2’s state-of-the-art market making programs with SBI’s new digital trade has resulted in a ten-fold enhance in every day volumes.
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SBI Holdings, Inc. was established in 1999 as a pioneer of Web-based monetary providers. The corporate supplies monetary providers in a variety of classes, together with securities, banking and insurance coverage and has fashioned the world’s first Web-based monetary conglomerate. The corporate has additionally expanded its enterprise into biotechnology, together with analysis and improvement and gross sales associated to prescribed drugs, well being meals and cosmetics. For extra data, please go to https://www.sbigroup.co.jp/english/
B2C2 is a veteran digital asset buying and selling group with a world-class workforce drawn from international funding banks and buy-side companies. Based in 2015 and headquartered within the UK, with workplaces in London, Tokyo and Jersey Metropolis, B2C2 is trusted by banks, brokerages, exchanges and fund managers globally to offer 24/7 liquidity. Repeatedly revolutionary, B2C2 launched the primary crypto-native single supplier platform in 2016 and was the primary overseas supplier to achieve the Japanese market. In 2019, the agency launched the primary OTC streaming value feed and was the primary crypto firm within the EU to safe a MiFID funding agency licence. B2C2 OTC Ltd. is authorised and controlled by the UK’s Monetary Conduct Authority (FRN 810834). For extra data, please go to https://www.b2c2.com