Crypto Liquidity Provider B2C2 Receives UK Financial Conduct Authority Authorization

News | February 8, 2019 By:

Cryptocurrency market maker B2C2 has announced that its UK subsidiary, B2C2 OTC Ltd., is now authorized and regulated by the UK Financial Conduct Authority (FCA).

Founded in 2015, B2C2 is a cryptocurrency market maker that provides 24/7 liquidity to the world’s largest brokerage firms, exchanges, banks and cryptocurrency funds in key international time zones. They provide liquidity in bitcoin (BTC), ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum Classic (ETC) and ZCash (ZEC). They also offer regulated entities in select jurisdictions the ability to enter contracts for difference (CFD).

The FCA authorization will allow B2C2 OTC to arrange and deal in CFDs with eligible counterparties and professional clients. Via the firm’s CFDs, clients will be able to gain exposure to cryptocurrency markets.

“We are excited to have received authorisation from the FCA to introduce a cryptocurrency CFD product,” said Max Boonen, Founder and CEO of B2C2. “Eligible counterparties and professional clients can now gain derivative exposure to the cryptocurrency markets, benefiting from the competitive pricing and liquidity they’re accustomed to receiving from B2C2 while avoiding the risks associated with crypto custody.”

Last year, B2C2 integrated Gold-i’s crypto solution, called Crypto Switch, to allow brokers to maximize opportunities from the increasing demand for crypto trading. Crypto Switch acts as a bridge between various technologies used in Forex and cryptocurrency industries by allowing brokers access to a number of ‎global cryptocurrency exchanges and liquidity providers.