Crypto Liquidity Provider B2C2 Acquires Woorton, Strengthening European Crypto Presence
Terrill Dicki Aug 24, 2023 10:00
B2C2, a leading crypto liquidity provider, has acquired Woorton, a leading European entity in market-making and over-the-counter transactions for the digital asset sector. Woorton, majority-owned by SBI, has facilitated institutional access to cryptocurrencies and has a clientele of around 250. The acquisition aims to expand B2C2's client base in Europe and tap into client growth opportunities beyond the UK, Asia-Pacific, and USA.
B2C2, a prominent crypto liquidity provider catering to institutional clients worldwide and a digital asset pioneer shaping the future ecosystem, has finalized its acquisition of Woorton, a leading European entity in market making and over-the-counter transactions for the digital asset sector.
Founded in 2015 and majority-owned by the Japanese financial group, SBI, B2C2 has facilitated institutional access to cryptocurrencies by offering consistent liquidity across various market conditions. Its achievements are rooted in its crypto-native technology and continuous product innovation, with headquarters in the UK and branches in the US and Japan.
This acquisition underscores B2C2's dedication to expanding its client base in Europe. With the forthcoming MiCA (Markets in Crypto Assets Regulation) regulations, B2C2 is poised to serve clients within the European Union jurisdiction. This move also paves the way for B2C2 to tap into client growth opportunities beyond the UK, Asia-Pacific, and the USA. A significant aspect of this acquisition is B2C2's access to Woorton's PSAN (prestataires de services sur actifs numériques) License, regulated by the AMF (Autorité des Marchés Financiers). This license permits B2C2 to operate within the European Union.
Established in 2017, Woorton boasts an active clientele of approximately 250 clients, trading in 96 coins with a 24/7 liquidity provision. The company has been actively engaged with regulatory bodies and co-founded ADAN (Association for the Development of Crypto-Assets). This association aims to foster dialogue between the digital asset industry and policymakers. Woorton has also played a pivotal role in initiating Paris Blockchain Week, an event that attracts over 5,000 attendees and 170 speakers globally, focusing on blockchain and digital assets.
Charlie Meraud, Woorton's CEO, stated, "In joining forces with B2C2, we merge the unique strengths of both firms. This collaboration will offer our clients access to a more substantial liquidity pool and an enhanced market presence."
Nicola White, B2C2's CEO, remarked on the acquisition as a "significant milestone in B2C2's growth journey." She expressed enthusiasm about the potential opportunities this acquisition presents for B2C2 and its European clientele.
Thomas Restout, Head of EMEA at B2C2, highlighted Woorton's innovative approach and its alignment with B2C2's values and operational practices. He emphasized the synergy between the two firms, which will benefit clients in the European market.
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