What happened?
B2C2, a major crypto market maker based in London and predominantly owned by SBI Holdings, is planning to raise up to $200 million from external investors. This move will allow SBI Holdings to decrease its 90% ownership in the company, which it has held since December 2020 following an initial investment earlier that year. The capital raised will help B2C2 strengthen its market presence amid a competitive crypto landscape.
Who does this affect?
This development primarily affects B2C2, SBI Holdings, and potential external investors interested in entering or expanding their stake in the crypto market space. It also impacts the broader cryptocurrency ecosystem, particularly other companies operating in the market-making segment, as they may face increased competition. Moreover, this could influence stakeholders such as employees, existing clients, and regulators keeping an eye on market dynamics.
Why does this matter?
The potential $200 million capital raise by B2C2 signifies a strategic market shift, indicating a robust appetite for investment in the crypto sector despite previous market fluctuations. With venture capital investments rebounding strongly in Q2 2025, this move highlights growing investor confidence and interest in diversifying crypto market opportunities. As B2C2 strengthens its position, the increased competition could spur innovation and pricing strategies across the crypto market-making landscape.