Crypto Trading Firm B2C2 Eyes Prime Brokerage Space With $30M Stake Sale to SBI

[Tnoy30]

Japanese financial firm SBI Holdings has agreed to take a $30 million minority stake in institutional cryptocurrency trading platform B2C2.

The deal also sees the two entities launch a new strategic partnership, under which B2C2 will provide crypto liquidity for SBI, which is planning to grow its crypto offering to "millions of existing customers," per an announcement Wednesday.
B2C2 is launching an electronic prime brokerage based on its single dealer platform. This would benefit from SBI’s distribution network and financial muscle, B2C2 said.
Read on: https://www.coindesk.com/crypto-trading-firm-b2c2-prime-brokerage-sbi-holdings-30m-stake

[@chison]

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