B2C2 is a digital asset pioneer building the ecosystem of the future.The firm has unlocked institutional access to crypto by providing reliable liquidity across market conditions. Founded in 2015 and acquired by Japanese financial group, SBI, in 2020, but remains a standalone company.
According to CoinDesk, citing sources familiar with the matter, cryptocurrency market maker B2C2, 90% owned by Japan's SBI Holdings, has held discussions with multiple potential acquirers regarding a partial or full sale over the past 18 months.
B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with multiple potential acquirers over the past 18 months. The negotiations have been impacted by valuation differences. B2C2 is seeking a transaction price exceeding $1 billion, which one source familiar with the matter said is difficult to achieve in the current crypto market environment. These talks have taken place against the backdrop of consolidation in the digital asset industry, as several companies seek to expand their institutional businesses and increase scale through acquisitions.
According to CoinDesk, citing sources familiar with the matter, cryptocurrency market maker B2C2, 90% owned by Japan's SBI Holdings, has held discussions with multiple potential acquirers regarding a partial or full sale over the past 18 months.
B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with multiple potential acquirers over the past 18 months. The negotiations have been impacted by valuation differences. B2C2 is seeking a transaction price exceeding $1 billion, which one source familiar with the matter said is difficult to achieve in the current crypto market environment. These talks have taken place against the backdrop of consolidation in the digital asset industry, as several companies seek to expand their institutional businesses and increase scale through acquisitions.
According to The Block, B2C2 has obtained a crypto-asset service provider license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), enabling it—under the EU’s Markets in Crypto-Assets (MiCA) regulatory framework—to offer over-the-counter (OTC) spot trading services across all EU member states and three European Economic Area (EEA) countries via the “passporting” mechanism. B2C2 stated that it has become the first globally operating OTC liquidity provider authorized under MiCA. Previously, B2C2 completed its registration as a virtual asset service provider (VASP) in Luxembourg in 2024.