SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

B2C2 will now have access to Woorton's EU license that will permit it to serve institutional clients in the EU.

London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that grants B2C2 access to Woorton's regulatory licenses, allowing it to operate in the EU, according to a press release.

B2C2 can now offer its services to the EU's institutional sector via Woorton's PSAN license, which is regulated by the AMF ."Like us, the [Woorton] team has a TradFi background but with the same crypto and digital assets laser focus. Together we are a combination of highly complementary businesses that deliver multi asset breadth and depth to clients in the EU market,” Thomas Restout, Head of EMEA at B2C2 said.

Woorton will combine its client base and over-the-counter services with B2C2 to increase overall crypto market liquidity, which has been a key talking point in the ongoing bear market as U.S. trading firms Jane Street nad Jump recently announced they would be

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines