b2c2

According to CoinDesk, B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with several potential buyers over the past 18 months.The negotiations have been affected by valuation differences. B2C2 is seeking a transaction price of over $1 billion, and a source indicated that this price is difficult to achieve in the current crypto market environment.Founded in 2015, B2C2 provides deep liquidity for spot, derivatives, structured products, and OTC trading for banks, exchanges, brokerages, hedge funds, and asset management companies. SBI acquired a 90% stake in B2C2 in 2020. B2C2's financial data has not been disclosed separately and is included in SBI's crypto business segment.

Cryptocurrency market maker and liquidity provider B2C2 has obtained a crypto asset service provider (CASP) license issued by the Luxembourg Financial Supervisory Authority (CSSF), officially incorporating it into the EU's Markets in Crypto-Assets Regulation (MiCA) framework.With this license, B2C2 can provide over-the-counter spot trading services across the 27 EU member states and some European Economic Area countries through the MiCA "passporting mechanism," achieving unified compliance for cross-border digital asset liquidity access. The company stated that this approval makes it one of the first global OTC liquidity providers authorized under the MiCA framework, having previously completed VASP registration in Luxembourg in 2024.B2C2 CEO Thomas Restout stated that obtaining MiCA authorization reflects the company's long-term commitment to compliance and governance, and will further enhance its service capabilities in the institutional crypto market. As the MiCA transition period approaches (expected to end in July 2026), more and more crypto companies are accelerating their compliance efforts in the EU, including Coinbase and Kraken, which are also advancing their licensing systems in different jurisdictions in Europe.

According to Arkham data, at 21:41, an anonymous address (starting with bc1q04r6g...) transferred 1268 BTC to B2C2 Group, with a total value of approximately 845 million USD.250 BTC (worth approximately 16.6658 million USD)277 BTC (worth approximately 18.4657 million USD)260 BTC (worth approximately 17.3324 million USD)200 BTC (worth approximately 13.3326 million USD)281 BTC (worth approximately 18.7323 million USD)

According to The Block, B2C2, a liquidity provider under SBI Holdings, has designated Solana as the primary network for large stablecoin settlements for its institutional clients. B2C2 provides market-making services for platforms such as Robinhood and collaborates with Standard Chartered, Anchorage Digital, Bitget, and others.The company will prioritize supporting stablecoins issued on Solana, including USDC, USDT, PYUSD, USDG, USD1, EURC, FDUSD, and other new varieties in the future. The report noted that Solana has seen an increase in activity for stablecoin settlements recently, with stablecoin trading volume reaching approximately $650 billion in February, but its stablecoin market capitalization still significantly lags behind Ethereum and Tron.

According to Arkham data, at 00:45, 251.57 BTC (worth approximately 10.21 million USD) was transferred from B2C2 Group to an anonymous address (starting with bc1qge...).

According to Arkham data, at 02:12, 1000 PAXG (worth approximately $4.3886 million) was transferred from Paxos to B2C2 Group.

According to Arkham data, at 17:45, 620,300 LINK (worth approximately $5.71 million) was transferred from B2C2 Group to an anonymous address (starting with 0x434A...).

According to Arkham data, at 23:54, 1000 PAXG (worth approximately 4.588 million USD) was transferred from Paxos to B2C2 Group.

Bitget announces a deepened partnership with B2C2. Through this collaboration, Bitget will introduce B2C2 as a liquidity provider for the platform, offering institutional clients more stable liquidity support and better trade execution quality. B2C2 was established in 2015 and is a subsidiary of the large Japanese financial group SBI Holdings, making it a leading provider of institutional-grade digital asset market-making and over-the-counter electronic trading services globally.When discussing this partnership, B2C2 Group CEO Thomas Restout stated that this collaboration will further expand the cooperation space for both parties in the global market. In the future, both parties will work together to provide more stable and efficient liquidity support for Bitget's institutional clients in the spot and derivatives markets, and promote the continuous development of digital asset trading infrastructure.

In the past 10 hours, the Ethena team deposited 6,500 ETH (approximately $12.58 million) to Binance. Additionally, the cryptocurrency market maker B2C2 deposited 3,050 ETH (approximately $5.89 million) to Coinbase.

According to Arkham data, at 15:14, 425.64 BTC (worth approximately 28.42 million USD) was transferred from an anonymous address (starting with 12hrg...) to another anonymous address (starting with bc1qyk...). Subsequently, the address transferred all the BTC to B2C2 Group.

According to Arkham data, at 23:47, 46,000 SOL (worth approximately $6.0536 million) was transferred from B2C2 Group to Fireblocks Custody. Subsequently, at 23:45, Fireblocks Custody received 20,000 SOL (worth approximately $2.6322 million) from Robinhood.

According to Arkham data, at 05:05, 10,700 AAVE (worth approximately $2 million) was transferred from B2C2 Group to Coinbase.

According to Arkham data, at 20:20, 180,000 LINK (worth approximately $2.29 million) was transferred from Bitstamp to B2C2 Group.

According to Arkham data, at 17:57, 17,000 SOL (worth approximately $2.15 million) was transferred from an anonymous address (starting with 5PX1SGx4...) to B2C2 Group.

According to Arkham data, at 15:14, 10 million BAT (worth approximately $2.2181 million) was transferred from B2C2 Group to an anonymous address (starting with 0xeBEDe...).

According to Arkham data, at 13:50, 1,730 ETH (worth approximately 5.42 million USD) was transferred from B2C2 Group to FalconX.

According to Arkham data, at 13:13, 12.91 million BAT (worth approximately 3.1 million USD) was transferred from an anonymous address (starting with 0x549d...) to B2C2 Group.

According to Arkham data, at 06:26, 20,700 SOL (worth approximately $2.61 million) was transferred from an anonymous address (starting with F6uhSzmV...) to B2C2 Group.