FAQs

Who are B2C2?

We are the leading cryptocurrency liquidity provider. Named 2019 Best Institutional Crypto Liquidity Provider by the readers of Profit & Loss, B2C2 bridges the gap between traditional financial and cryptocurrency markets. Founded in 2015, we are trusted by retail brokerages, exchanges, banks and fund managers to provide 24/7 liquidity. Headquartered in the UK, with offices in London, Jersey City and Tokyo, we are privately held. Subsidiary B2C2 OTC Ltd. is authorised and regulated by the UK’s Financial Conduct Authority (FRN: 810834).

What do you offer as a liquidity provider?

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.

Can anyone trade with B2C2?

Our clients include retail brokerages, exchanges, banks and fund managers. We do not serve retail clients.

What is the overnight funding rate? How is this calculated?

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. B2C2 currently applies a flat fee of 2% per annum on both long and short positions.

Do you have minimum/maximum trade sizes?

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.

What is your Equal Employment Opportunities policy?

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.

What is an OTC liquidity provider?

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.

How are you different from other providers?

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.

What are Contract for Difference (CFDs)?

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.

What are the margin requirements for trading CFDs?

The standard margin requirement is 30% of all open CFD contracts. However, this can be adjusted for specific clients.

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