Leading cryptocurrency over-the-counter liquidity provider, B2C2, has announced a partnership with San Francisco-based SFOX, the industry-leading prime dealer, granting over 200,000 traders and funds access to B2C2’s liquidity.
Headquartered in London, B2C2 provides 24/7 liquidity for Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Ethereum Classic in USD, GBP, EUR, JPY, SGD, AUD, CAD, CHF, among other currencies. Moving large quantities of crypto and executing fiat currency conversions for institutional clients, it services brokerage firms, exchanges, banks, cryptocurrency funds and high-net-worth individuals around the world.
Says Max Boonen, chief executive officer of B2C2,
“Our partnership enables a broader set of market participants to access B2C2’s real-time OTC pricing and deep two-way markets. Much like the FX markets which are almost entirely OTC, the digital asset class is increasingly trading off-exchange, resulting in tighter spreads and deeper liquidity.”
SFOX says its clients will benefit from a new source of OTC liquidity coupled with greater price discovery.
“Often cited advantages for the OTC model are that it provides market participants with a high degree of flexibility to customize transaction size and delivery protocols, and enables large trades to be executed anonymously.”
B2C2, which has traded tens of billions of dollars since opening its doors in 2015, says its marketmaking technology and the OTC model can mitigate some of the fragmented trading across dozens of exchanges, reducing rampant inefficiencies and establishing a more inviting environment for investors entering the crypto markets.
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