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B2C2 and SFOX team up to offer new source of cryptocurrency liquidity

Thu, 13 Feb 2020, 06:21 am UTC

Crypto liquidity provider B2C2 has partnered with crypto dealer SFOX to provide new source of cryptocurrency liquidity to asset managers, hedge funds, family offices and high net worth individuals.

Founded in 2014, SFOX is a cryptocurrency prime dealer for large-scale investors such as funds, family offices, and high-net-worth individuals, with over $12 billion in transaction volume to date. In 2018, it raised $22.7 million in a Series A funding round led by Tribe Capital and Social Capital and participated by DHVC, Blockchain Capital, Mark Britto, and Airbnb Co-Founder Nathan Blecharczyk, and others.

B2C2 was founded in 2015 and offers exposure to large-cap cryptocurrencies and gold, with flexible trade sizes and settlement. Its subsidiary, B2C2 OTC Ltd., received authorization from the Financial Conduct Authority last year year.

According to a press release, B2C2 is the first OTC trading venue to be added to the SFOX platform. With this partnership, SFOX clients would be able to access B2C2’s deep pool of liquidity and streaming OTC pricing via a single point of access, replacing the need to manage multiple exchange accounts and API keys. SFOX’s full set of trading algorithms will be able to execute against B2C2’s prices.

“We are delighted to partner with B2C2, the largest OTC liquidity provider whose streaming pricing and electronic trading capabilities are relied on by institutional market participants globally. SFOX clients will now benefit from a new source of OTC liquidity coupled with greater price discovery,” Danny Kim, Head of Growth at SFOX, said.

Max Boonen, Founder and CEO of B2C2, also commented on the partnership and said that it will enable a broader set of market participants to access B2C2’s real-time OTC pricing and deep two-way markets.

“As the first and leading U.S. prime dealer, SFOX has been at the forefront of the cryptocurrency institutional market and we are excited to now offer our services to the thousands of traders and funds on their platform,” Rob Catalanello, CEO of B2C2 USA, said. “This partnership will further B2C2’s expansion in the Americas and cement our position as the number one institutional cryptocurrency liquidity provider.”

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