B2C2, crypto lending and liquidity provider in the UK, cooperates with SFOX, a leading US crypto company serving institutional investors, according to a Feb. 12 press release.
This partnership aims to give SFOX customers (including asset managers, family offices and high net-worth individuals) access to the large liquidity pools of B2C2 and better-priced over-the-counter (OTC) markets through a single access point.
Danny Kim, head of growth at SFOX, said:
“We are delighted to partner with B2C2, the largest OTC liquidity provider whose streaming prices and electronic trading opportunities are being invoked by institutional operators worldwide. SFOX customers will now benefit from a new source of OTC liquidity combined with greater price discovery. “
Max Boonen, founder and CEO of B2C2, said:
“Our partnership offers a wider range of market participants access to B2C2 real-time OTC prices and deep two-way markets. Like the FX markets that are almost entirely OTC, the digital asset class is increasingly traded outside the stock exchange, resulting in narrower spreads and deeper liquidity. “
B2C2 is the first OTC trading platform to be added to the SFOX platform. Leadership on both platforms believes that OTC cryptocurrency markets have gained market share through traditional stock exchanges over the past three years. A report from Aite Group1 predicted that OTC activity would soon form the bulk of the trade volume of cryptocurrency.
Recent data from Tabb Group shows that the share of US shares traded off-exchange rose from 34.7% in December 2018 to 38.6% in April 2019. This trend is also reflected in Europe, where off-exchange trading was good for 9.6% of all exchange activities for the same period.
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