Subsidiary of Japanese financial giant SBI acquires "XRP's largest market maker" B2C2
Rhythm BlockBeats news, on December 16, SBI Financial Services, a wholly-owned subsidiary of Japanese financial giant SBI Holdings, announced that it has acquired 90% of the shares of cryptocurrency market maker B2C2. The acquisition was not disclosed. Amount and specific terms.
According to the announcement, through the acquisition of B2C2, SBI Holdings will leverage the company's global network, high liquidity and Prioritized risk management and other advantages, developing innovative services and products on a global scale for customers such as individuals, companies and institutional investors. SBI Holdings has made promoting M&A activities in Japan and overseas a key strategy for its future substantial growth.
It is understood that B2C2 was founded in 2015 by former Goldman Sachs trader Max Boonen, mainly to help brokerage companies, trading platforms Conduct large OTC transactions with fund management companies. As previously reported, a B2C2 spokesperson claimed to be “the largest XRP market maker.”
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