B2C2: Crypto liquidity provider joins FIA as associate member

Rick Steves

B2C2 also offers 24/7 FX trading and will soon launch options trading as the firm expands capabilities across instruments.

B2C2 has joined FIA, the leading global trade organisation for the futures, options and centrally cleared derivatives markets, in a milestone for the crypto-native liquidity provider.

As the principal members of derivatives clearinghouses worldwide, FIA’s clearing firm members play a critical role in the reduction of systemic risk in global financial markets.

FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists as well as technology vendors, law firms and other professional service providers.

Its mission is to support open, transparent and competitive markets; protect and enhance the integrity of the financial system; and promote high standards of professional conduct.

B2C2’s crypto liquidity covers spot, funding, and derivatives

The new associate member of FIA was founded in 2015 and provides liquidity to more than 450 active clients in over 50 countries, including agency OTC desks, aggregators, banks, exchanges, FX brokers and hedge funds.

The provider of crypto 24/7 boasts a full-service offering spanning spot, funding and derivatives. The firm was one of the firsts to trade a crypto non-deliverable forward (NDF) in 2021.

Rob Catalanello, Co-CEO of B2C2, said: “Since our start in 2015, B2C2 was certain that crypto would evolve from a retail to an institutional market. Everything about our offering – from the technology to the products and services we provide – is built to enable institutional access. FIA’s mission to protect and enhance the integrity of derivative markets will also greatly enable institutional participation in crypto.”

B2C2 is known to find solutions to industry challenges, such as creating the first crypto ISDA Master Agreement in 2018. In 2020, the firm was acquired by Japanese financial group SBI but remains a standalone company, headquartered in the UK, with offices in the US and Japan. B2C2 OTC Ltd. is authorised and regulated by the UK’s Financial Conduct Authority.

The firm claims it has continuously served clients with quotes and settlements throughout a record-breaking day of 1 million+ trades executed and 1 billion+ dollars settled while many exchanges get overwhelmed by the market volatility and trading volumes, namely on May 19th 2021.

B2C2 has recently appointed Nicola White as President of the US operation. She joined the crypto LP from Citadel Securities, where she was Global COO of Fixed Income, having developed electronic solutions for institutional markets there.

The firm allows clients to benefit from capital efficiency through cross-margining – as they would with a traditional prime broker – with its electronic funding product for borrowing and lending in fiat and crypto.

B2C2 also offers 24/7 FX trading and will soon launch options trading as the firm expands capabilities across instruments.

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