B2C2, a leading crypto liquidity provider, has acquired Woorton. This acquisition is a clear bid to solidify B2C2’s presence in the European market. Woorton is a top European market maker known for its expertise in over-the-counter (OTC) digital asset transactions.
Significantly, this merger is poised to reshape the crypto market liquidity scene. B2C2 now has the opportunity to expand its services within the European Union. Moreover, this move aligns perfectly with the upcoming MiCA (Markets in Crypto Assets Regulation) rules. Consequently, B2C2 is positioning itself as a major global player in the crypto sector. The company’s goal? To adeptly navigate changing regulations and deliver top-tier liquidity solutions to global institutional clients.
Nicola White, the CEO of B2C2, shared his optimism about this new chapter. He remarked, “Collaborating with Woorton’s experienced team offers us new opportunities in the EU.” Besides this, it’s worth noting that B2C2, founded in 2015, was acquired by Japanese financial giant, SBI Holdings, in 2020. Hence, after establishing a strong presence in the US and Japan, B2C2’s acquisition of Woorton marks its deliberate entry into Europe.
Additionally, this deal grants B2C2 access to Woorton’s coveted PSAN license. This license, overseen by France’s AMF, allows B2C2 to serve clients in the European Union in line with MiCA regulations. Woorton, on the other hand, has an impressive portfolio. With nearly 250 clients trading 96 coins, its reputation is undeniable.
B2C2, with its headquarters in the UK, has a truly global footprint. It operates not only in the UK but also in the U.S., Cayman Islands, and Japan. Thomas Restout, B2C2’s head of EMEA, highlighted the mutual benefits of this merger. He stated, “Together with Woorton’s team, we can offer unmatched service depth to our EU clientele.”
This acquisition emphasizes B2C2’s dedication to broadening its global influence. By partnering with Woorton, B2C2 is set to make impactful strides in the European crypto market.