Cryptocurrency liquidity provider, B2C2, and SFOX, a cryptocurrency prime dealer for large-scale investors, today announced a partnership that promises to provide asset managers, hedge funds, family offices and high net-worth individuals with a new source of liquidity.
The partnership gives SFOX clients access B2C2’s liquidity pool and streaming OTC pricing via a single point of access, replacing the need to manage multiple exchange accounts and API keys. SFOX’s full set of trading algorithms will be able to execute against B2C2’s prices.
B2C2 is the first OTC trading venue to be added to the SFOX platform. Danny Kim, head of Growth at SFOX, says: “We are delighted to partner with B2C2, the largest OTC liquidity provider whose streaming pricing and electronic trading capabilities are relied on by institutional market participants globally. SFOX clients will now benefit from a new source of OTC liquidity coupled with greater price discovery.”
Max Boonen, founder and CEO of B2C2, adds: “We are delighted to partner with major crypto prime dealer SFOX whose next generation platform allows clients to execute trades seamlessly. Our partnership enables a broader set of market participants to access B2C2’s real-time OTC pricing and deep, two-way markets. Much like the FX markets, which are almost entirely OTC, the digital asset class is increasingly trading off-exchange, resulting in tighter spreads and deeper liquidity.”
Rob Catalanello, CEO of B2C2 USA, notes: “The cryptocurrency markets are fast evolving and investors increasingly expect institutional-grade capabilities. As the first and leading US prime dealer, SFOX has been at the forefront of the cryptocurrency institutional market and we are excited to now offer our services to the thousands of traders and funds on their platform. Our business model is to provide the best possible pricing and a level of customer service normally only seen in traditional financial markets – something our clients say sets B2C2 apart. This partnership will further B2C2’s expansion in the Americas and cement our position as the number one institutional cryptocurrency liquidity provider.”