B2C2 is the first principal-at-risk crypto trading firm to become a Primary Member
LONDON and JERSEY CITY, March 10th 2022 - B2C2, the counterparty of choice in the institutional crypto market, today announced that it has joined the International Swaps and Derivatives Association (ISDA) as Primary Member, a category that includes 200+ global institutions trading derivatives.
Established in 2015, B2C2 is a crypto-native liquidity provider, with 450+ active institutional clients in 50+ countries. The vast majority of agency OTC desks, FX brokers, aggregators, banks and hedge funds rely on B2C2 to provide principal liquidity across market conditions. The firm provides a full service offering across spot, funding and derivative products with 24/7/365 global coverage and client support.
From the outset, B2C2 has sought to bring greater transparency, efficiency and best practice to the crypto market. In 2019, B2C2 was first to introduce a crypto-specific ISDA Master Agreement to replace the Digital Asset Purchase Agreement in use, providing clients with the gold standard legal framework under which to trade. In the same year, B2C2 was first to launch electronic pricing and execution; and was the first European firm to receive a MiFID regulatory licence for its derivatives business. Continuously innovative, in 2021 B2C2 traded the first-ever crypto non-deliverable forward (NDF).
Nicola White, President of B2C2 USA, said: “At B2C2 we provide a safe, efficient and resilient framework for institutional firms seeking to participate in the fast-growing crypto asset class. We are delighted to now be a part of ISDA and look forward to helping our clients advance their capabilities in crypto derivatives, a market segment with huge potential.”
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Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 970 member institutions from 77 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s website: www.isda.org. Follow us on Twitter, LinkedIn, Facebook and YouTube.
More than just a liquidity provider, B2C2 is a digital asset pioneer building the ecosystem of the future.
The firm has unlocked institutional access to crypto by providing reliable liquidity across market conditions. B2C2’s success is built on crypto native technology and continuous product innovation, making it the partner of choice for diverse institutions globally.
Founded in 2015 and majority owned by Japanese financial group, SBI, B2C2 Ltd is headquartered in the UK, with offices in the US and Japan.
B2C2 Ltd is registered in England and Wales under company number 07995888 with its registered office at 86-90 Paul Street, London, EC2A 4NE. B2C2 Ltd is the parent company of the B2C2 group of companies. Products may be provided by different members of the B2C2 group of companies, depending on the jurisdiction of the client and the regulatory status of the product and/or B2C2 group member. B2C2 is a registered trademark.
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