B2C2 is a global leader in institutional liquidity for digital assets. Founded in 2015, we are trusted by blue chip hedge funds, institutional managers, brokers, crypto exchanges, and crypto foundations. We provide deep, reliable liquidity and pricing in crypto, delivering seamless execution 24/7/365. Majority owned and backed by Japanese financial conglomerate, SBI, B2C2 Ltd is headquartered in the UK, with offices in the US, Japan, Singapore, France and Luxembourg. Subsidiary B2C2 OTC Ltd. is authorised and regulated by the UK’s Financial Conduct Authority (FRN: 810834).
We are trusted by our clients to provide 24/7 liquidity in all major cryptocurrency (BTC, ETH, LTC, BCH, XRP, EOS, DOT, UST*, LNK & USDC**) and fiat pairs.
We offer flexible trade size and settlement terms, in contrast to peers who require same-day settlement and high minimums.
*Tether/crypto pairs are available for all supported
cryptocurrencies on the platform..
Our clients include asset managers, fund managers, banks, retail brokers and crypto exchanges, payment companies, DATs, Fintechs, crypto miners, and crypto projects and foundations. We do not serve retail clients.
Our daily overnight funding rate is variable, dependent on various factors including liquidity and broad cryptocurrency contract demand across our franchise. This is calculated on a 365 day count convention. Adjustments are made in advance of important holidays and quarter ends.
If the rate is positive, clients with a long position will pay an overnight interest rate and clients with a short position will receive the rate.
Clients can trade in any size from small 0.0005 BTC trades to multi-million dollar blocks. The maximum trade size is negotiated individually with each client.
B2C2 is committed to a policy of equal employment opportunity for applicants and employees. It is the policy of B2C2 to apply recruiting, hiring, training, promotion, compensation and professional development practices without regard to actual or perceived race, colour, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, age, disability or certain classifications based on genetic information, or because someone is married or in a civil partnership or any other characteristic protected by federal, state or local laws, regulations or ordinances.
B2C2 is committed to providing a workplace free from unlawful discrimination. As such, B2C2 will not tolerate discrimination against any of our employees on the basis of membership in a protected category.
You can view our full policy here.
B2C2's funding solution provides the flexibility to borrow or lend funds rapidly and efficiently, eliminating the need to post margin for every individual trade.We offer both secured and unsecured loans, along with cross-margining capabilities across multiple platforms. Our service consolidates your trading activity into a single margin account covering Spot, CFDs, and Loans.
PENNY is B2C2's zero-fee stablecoin swap platform that enables the instant exchange of major stablecoins including USDT, USDC, USDG, RLUSD, PYUSD, and AUSD. Trade execution and settlement happen simultaneously on-chain across Ethereum, Tron, Solana, and leading Layer 2 networks, eliminating counterparty and settlement risk. The platform operates 24/7 with continuous liquidity for institutional participants such as banks, payment processors, exchanges, and corporate treasuries. Integration is straightforward via a REST API.
An OTC liquidity provider enables clients to buy and sell cryptocurrencies off-exchange or, as is more commonly known, over-the-counter. When trading OTC, you are more likely to benefit from tighter spreads, deeper liquidity and reduced market impact than when trading on exchange.
We are the leading cryptocurrency liquidity provider. Our business model is to provide the best possible pricing and a level of customer service normally only seen in traditional financial markets. Our clients tell us this is what sets B2C2 apart.
Our world-class technology provides streaming prices and instant execution via REST, WebSocket and FIX APIs, as well as on our web interface and by voice. We are also integrated with the largest liquidity hubs.
A contract for difference (CFD) is an OTC derivative contract where your gain or loss is equal to the difference between your entry price and your exit price. It provides the same market exposure as trading cryptocurrencies physically, but only gains and losses are settled between parties, rather than through the delivery of the underlying asset. A CFD is equivalent to a futures contract that does not expire. CFDs are governed by MiFID and we offer this product via our subsidiary B2C2 OTC Ltd. which is authorised and regulated by the FCA (FRN 810834).
Our OTC CFDs are similar to the perpetual swaps trading on a variety of crypto exchanges, with some important differences:
Our product does not have any inverse or quanto features.
Our product trades at the spot price, not at a premium or discount
B2C2 does not impose socialised losses.
Our funding mechanism is such that clients can often earn a positive funding rate depending on their position.
The standard margin requirement is 30% of all open CFD contracts. However, this can be adjusted for specific clients.
Crypto options are derivative contracts that give you the right, but not the obligation, to buy or sell a cryptocurrency at a predetermined price (the strike price) before a specified expiration date.
B2C2 offers an institutional-grade OTC options suite with structures designed to reduce execution risk while improving spreads and liquidity. Our options are available with either cash settlement or physical settlement to suit your operational preferences. We also offer Option Chain Function, where you can view live options prices, track the market and execute trades from a single, unified interface.
A crypto NDF provides synthetic exposure to cryptocurrencies through a standardized instrument widely traded in foreign exchange markets, typically on emerging market trading desks. Unlike deliverable forwards, NDFs offer exposure to the underlying asset without requiring physical delivery or custodial services.
Crypto NDFs are cash-settled, meaning you never take physical delivery of BTC, ETH, or stablecoins. This approach simplifies compliance and reduces operational overhead for institutional participants such as investment banks and hedge funds.
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B2C2 does not transact with or provide any service to any retail investor or consumer. By subscribing to our content, you represent that you are not a retail investor or consumer. Please refer to our disclaimer for further information.
