• SBI Holdings crypto
    Cryptocurrencies

    Major financial firm SBI Holdings buys crypto market maker B2C2

    SBI Financial Services bought institutional cryptocurrency trading firm B2C2, making it the first major finance firm to run a digital assets trading desk

    The acquisition of the well-known crypto trading firm, by a division of the major Japanese financial group SBI Holdings, marks the “first sizable non-industry M&A deal that wasn’t an acquire or bail-out,” CoinShares Chief Strategy Officer Meltem Demirors tweeted in response to the news. “SBI has been an early mover in crypto, acquiring a market maker is a galaxy brain move!”