B2C2 Aims to Raise $200 Million to Fuel Global Crypto Expansion

B2C2, a prominent crypto market maker headquartered in London, is in the process of raising up to $200 million from external investors. This move is part of a strategic plan that will allow SBI Holdings, the Japanese investment firm that currently owns 90% of B2C2, to reduce its majority stake in the company. SBI Holdings first invested in B2C2 in July 2020 and acquired a 90% stake in December of the same year. The funding will support B2C2's continued growth and expansion in the competitive crypto market.

SBI Holdings has been instrumental in driving B2C2’s global expansion. Under its ownership, B2C2 has established a strong presence with offices in London, the U.S., and Japan, operating under the regulation of the Financial Conduct Authority (FCA). The revitalization of the crypto market, following the inauguration of Trump, has been cited as a significant factor in B2C2’s growth. Earlier reports suggested that SBI Holdings was considering selling part of its stake in B2C2 in a deal valued around $100 million, although the company denied these claims at the time.

In February of last year, B2C2 secured a virtual asset service provider (VASP) registration, expanding its operations to Luxembourg ahead of new regulatory rules being implemented in Europe. This registration made B2C2 the twelfth VASP to be listed on the Commission de Surveillance du Secteur Financier’s (CSSF) public register in Luxembourg. B2C2 operates across the Americas, Asia-Pacific, and EMEA regions. In 2023, the market maker acquired Paris-based rival firm Woorton to further expand its European presence.

The planned capital raise underscores B2C2’s ambitions to strengthen its market position in an increasingly competitive crypto landscape. The funding will enable B2C2 to continue its global expansion and enhance its market-making capabilities, positioning itself as a key player in the crypto industry. This move comes at a time when venture capital investment in the crypto sector has shown strong signs of recovery, with companies raising significant amounts of capital in recent quarters. The crypto market's resilience and growing interest from investors highlight the potential for continued growth and innovation in the sector.