B2C2 Launches Options Trading for OTC Crypto Market

B2C2, a cryptocurrency market-maker owned by Japan’s SBI Holdings, has expanded its offerings with the addition of electronic options trading for the over-the-counter (OTC) crypto market.

Announced on Monday, the new feature is being offered through the company’s Single Dealer Platform.

“Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months,” B2C2’s Head of Options, Johannes Woolard, said.

“Clients are looking for a more comprehensive set of tools to access, hedge, and trade crypto simply and easily. Institutions turn to us as a well-established and innovative crypto-native liquidity provider with the reliable and resilient trading infrastructure they require.”

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The electronic options trading feature not only gives traders additional off-exchange trading options, but its options chain also provides a comprehensive view of the OTC prices.

The new functionality is integrated into B2C2’s crypto-native spot, CFD and loans trading platform. It further provides options post-trade functionalities.

Taping the Institutions

Founded in 2015, B2C2 tapped the institutional cryptocurrency market by providing liquidity. It was acquired by Japanese giant, SBI Holdings, at the end of 2020, only five months after the conglomerate made an initial investment of $30 million in the crypto company.

The company, with headquarters in the United Kingdom and offices in US and Japan, is expanding its footprint in major markets like the US with the appointment of Nicola White as the US CEO. She first joined the company as its US President last year.

Meanwhile, Sygnum Bank became the first company to execute OTC options trade on B2C2.

Sygnum Bank’s Head of Trading, Dominic Lohberger, said: “B2C2 is taking institutional crypto derivatives trading to the next level. As a regulated digital asset bank with institutional clients, Sygnum is proud to be executing the first OTC trade with the B2C2 Options Chain. Together we are setting the path for the future of electronic crypto trading.”