SBI-backed B2C2 explored sale as valuation topped $1 billion

SBI-backed B2C2 explored sale as valuation topped $1 billion

The London-based firm is a major institutional liquidity provider serving banks, exchanges, brokers, hedge funds and asset managers.

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By Editorial Team
Edited by Vivian Nguyen

Crypto market maker B2C2 has engaged in acquisition talks with several prospective buyers over the past year and a half, CoinDesk reported Friday, citing sources familiar with the discussions.

The company, which is 90% owned by Japan’s SBI Holdings, has reportedly considered selling either a minority or full stake, though it is unclear if any negotiations remain ongoing.

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B2C2 is seeking a valuation above $1 billion, but that price has become a sticking point as subdued crypto trading activity continues to weigh on market conditions, according to the report.

The London-based firm is a major institutional liquidity provider serving banks, exchanges, brokers, hedge funds and asset managers through proprietary trading technology across spot, derivatives and OTC markets.

The reported discussions come as consolidation accelerates across the digital asset industry, with firms seeking greater scale and broader product offerings.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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SBI-backed B2C2 explored sale as valuation topped $1 billion

SBI-backed B2C2 explored sale as valuation topped $1 billion

The London-based firm is a major institutional liquidity provider serving banks, exchanges, brokers, hedge funds and asset managers.

By Editorial Team
Edited by Vivian Nguyen

Share

Add us on Google

Crypto market maker B2C2 has engaged in acquisition talks with several prospective buyers over the past year and a half, CoinDesk reported Friday, citing sources familiar with the discussions.

The company, which is 90% owned by Japan’s SBI Holdings, has reportedly considered selling either a minority or full stake, though it is unclear if any negotiations remain ongoing.

Advertisement

B2C2 is seeking a valuation above $1 billion, but that price has become a sticking point as subdued crypto trading activity continues to weigh on market conditions, according to the report.

The London-based firm is a major institutional liquidity provider serving banks, exchanges, brokers, hedge funds and asset managers through proprietary trading technology across spot, derivatives and OTC markets.

The reported discussions come as consolidation accelerates across the digital asset industry, with firms seeking greater scale and broader product offerings.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.