B2C2 becomes SBI partner in $30m deal

Jul 3, 2020 • Robert Lavine

The crypto trading firm has received $30m in funding from SBI Financial Services as it aims to expand its offering into a prime brokerage.

SBI Financial Services, a subsidiary of financial services firm SBI Holdings, agreed on Wednesday to invest $30m in UK-based crypto trading firm B2C2 in connection with a strategic partnership agreement.

Founded in 2015, B2C2 conducts cryptocurrency trades on behalf of institutional investors such as banks, brokers, asset managers, hedge funds and family offices.

The partnership will involve the company leveraging SBI’s capital as well as its distribution network. It created a single dealer platform for the crypto trading market in…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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