Share this article
B2C2 Adds Electronic Crypto Options to Over-the-Counter Trading Platform
Clients of the liquidity provider can now trade over-the-counter options electronically in an expansion beyond the “voice via chat” options trading started a year ago.
Updated Oct 31, 2022, 2:42 p.m. Published Oct 31, 2022, 8:00 a.m. 1 min read
B2C2, a liquidity provider for crypto markets, said clients can now trade over-the-counter options electronically, in an expansion beyond the “voice via chat” options trading started a year ago.
The seven-year-old firm, a unit of the Japanese financial firm SBI Holdings, claims the Options Chain offering is a first for digital-asset markets, where players say they’re moving to accommodate fast-growing interest in crypto from institutional investors.
Over-the-counter trading is when transactions take place outside of exchanges, typically with more flexibility in contract terms and credit acceptance.
“This functionality transforms OTC options trading by giving traders a choice of how to execute off-exchange trades,” B2C2 said Monday in a press release.
Dominic Lohberger, head of trading at Switzerland-based Sygnum Bank, said in the press release his firm executed the first trade with B2C2 on the new platform.
More For You
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
What to know:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
Top Stories
