B2C2 Launches Options Trading for OTC Crypto Market

<p>B2C2, a cryptocurrency market-maker owned by Japan’s SBI Holdings, has expanded its offerings with the addition of electronic options trading for the over-the-counter (OTC) crypto market.</p><p>Announced on Monday, the new feature is being offered through the company’s Single Dealer Platform.</p><p>“Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months,” <a href="https://www.financemagnates.com/tag/b2c2/" target="_blank">B2C2</a>’s Head of Options, Johannes Woolard, said.</p><p>“Clients are looking for a more comprehensive set of tools to access, hedge, and trade crypto simply and easily. Institutions turn to us as a well-established and innovative crypto-native <a href="https://www.financemagnates.com/terms/l/liquidity/" target="_blank" id="47c3bef3-27ee-4953-8504-159e1b829b33_1" class="terms__main-term">liquidity</a> provider with the reliable and resilient trading infrastructure they require.”</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Introducing...??B2C2’s Options Chain!??Delivering true 'point & click’ electronic OTC options trading, for the FIRST time in Crypto!Learn more in our press release: <a href="https://t.co/pXYg8WsbPH">https://t.co/pXYg8WsbPH</a></p>— B2C2 (@B2C2Group) <a href="https://twitter.com/B2C2Group/status/1586992662615310339?ref_src=twsrc%5Etfw">October 31, 2022</a></blockquote><p>The electronic options trading feature not only gives traders additional off-exchange trading options, but its options chain also provides a comprehensive view of the OTC prices.</p><p>The new functionality is integrated into B2C2’s crypto-native spot, CFD and loans <a href="https://www.financemagnates.com/terms/t/trading-platform/" target="_blank" id="f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1" class="terms__secondary-term">trading platform</a>. It further provides options post-trade functionalities.</p><p>Taping the Institutions</p><p>Founded in 2015, B2C2 tapped the institutional cryptocurrency market by providing liquidity. It was acquired by Japanese giant, SBI Holdings, at the end of 2020, only five months after the conglomerate made an initial investment of $30 million in the crypto company.</p><p>The company, with headquarters in the United Kingdom and offices in US and Japan, is expanding its footprint in major markets like the US with the appointment of <a href="https://www.financemagnates.com/executives/moves/b2c2-appoints-nicola-white-as-us-ceo/" target="_blank">Nicola White</a> as the US CEO. She first joined the company as its <a href="https://www.financemagnates.com/executives/moves/b2c2-announces-appointment-of-nicola-white-as-president-of-b2c2-usa/" target="_blank">US President </a>last year.</p><p>Meanwhile, Sygnum Bank became the first company to execute OTC options trade on B2C2.</p><p>Sygnum Bank’s Head of Trading, Dominic Lohberger, said: “B2C2 is taking institutional crypto derivatives trading to the next level. As a regulated digital asset bank with institutional clients, Sygnum is proud to be executing the first OTC trade with the B2C2 Options Chain. Together we are setting the path for the future of electronic crypto trading.”</p> This article was written by Arnab Shome at www.financemagnates.com.

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B2C2 Secures EU Presence with VASP Registration in Luxembourg

B2C2, a cryptocurrency market-maker owned by Japans SBI Holdings, has expanded its presence in continental Europe by registering as a virtual asset service provider (VASP) in Luxembourg. It has become the 12th company to receive the crypto registration in the country.

Paving the Way into the EU

The authorization by the countrys Commission de Surveillance du Secteur Financier will allow the London-headquartered company to offer over-the-counter (OTC) spot crypto services to institutional clients. It will further enable the company to collaborate with local VASPs, traditional financial institutions, and other market participants.

As B2C2 prepares for MiCA regulation to come to force, obtaining VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is home to a rapidly expanding virtual asset community, stated Thomas Restout, who was promoted to the position of Group CEO, last month.

B2C2 was acquired by Japanese giant SBI Holdings at the end of 2020, only five months after the conglomerate invested $30 million in the crypto company. The company already has a diverse client base across the Americas, Asia-Pacific, and EMEA regions.

The London-headquartered firm entered the European Union last year by acquiring French market-making firm Woorton, which allowed B2C2 to operate in the 27-country bloc with Woortons PSAN license issued by the AMF.

New Head of Luxembourg

Further, to bolster its operations under the new European Union registration, the company has appointed Denzel Walters, Business Manager in B2C2s London office, as the Head of Luxembourg. Before joining B2C2, he worked with two top UK regulators, the Bank of England, the Prudential Regulatory Authority

Restout highlighted information about the role: With his regulatory knowledge and proven experience delivering exceptional growth at B2C2, [Walter] will ensure clients in Luxembourg receive a seamless operational and trading experience.

Walters said: In line with our operations in the UK, US, and Asia-Pacific, our office in Luxembourg will remain committed to providing unparalleled liquidity and exceptional service to our clients.

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