B2C2 and SFOX partner to offer new source of cryptocurrency liquidity
B2C2, a cryptocurrency liquidity provider, and SFOX, a cryptocurrency prime dealer for large-scale investors, are partnering to provide asset managers, hedge funds, family offices and high net worth individuals with a new source of liquidity.
The partnership will allow SFOX clients to access B2C2’s deep pool of liquidity 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. Over the past three years, cryptocurrency OTC markets have gained market share from traditional exchanges. A report by Aite Group1 predicted that OTC activity would soon account for the majority of cryptocurrency trading volume.
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, says: “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.”