B2C2, a crypto market maker 90% owned by SBI, is in acquisition talks seeking over $1 billion.

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B2C2, a crypto market maker 90% owned by SBI, is in acquisition talks valuing the company at over $10 billion. The firm, active in the crypto market since 2015, provides liquidity across spot, derivatives, OTC, and structured products. SBI acquired its stake in 2020. Recent market updates indicate that negotiations have stalled due to valuation discrepancies. Financials are not disclosed separately but are included within SBI’s crypto business segment.

BlockBeats news, on July 24, B2C2, a cryptocurrency market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with several potential buyers over the past 18 months.


Negotiations have been affected by valuation discrepancies. B2C2 is seeking a transaction price exceeding $1 billion, a person familiar with the matter said, making this price difficult to achieve in the current crypto market environment.


B2C2, founded in 2015, provides deep liquidity for spot, derivatives, structured products, and OTC trading to banks, exchanges, broker-dealers, hedge funds, and asset managers. SBI acquired 90% of B2C2’s shares in 2020. B2C2’s financial data is not disclosed separately and is included within SBI’s crypto business segment. (CoinDesk)

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