Crypto Liquidity Provider B2C2 Acquires Woorton, Strengthening European Crypto Presence

blockchain.news:

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