The partnership marks the first time an over-the-counter (OTC) trading venue has been added to the SFOX platform.
London-based cryptocurrency Liquidity provider B2C2 has partnered with California-based cryptocurrency prime dealer SFOX to provide high-volume investors--including asset managers, hedge funds, family offices, and high-net-worth individuals--with a new source of liquidity. The partnership marks the first time an over-the-counter (OTC) trading venue has been added to the SFOX platform.
“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,” said Danny Kim, Head of Growth at SFOX, in an official statement. “SFOX clients will now benefit from a new source of OTC liquidity coupled with greater price discovery.”
In terms of OTC trading volume, crypto is looking a lot more like FX these days
Cryptocurrency markets have made a considerable shift away from traditional exchanges and toward OTC platforms as more high-volume investors have come into the space. For example, in August of 2019, Nelson Minier, head of OTC trading at major cryptocurrency exchange Kraken, told CoinTelegraph that the OTC desk’s trades per month had increased by a factor of 20 since the beginning of 2018.
An official announcement from the company said that “the development of the crypto market is mirroring the evolution of FX markets, which are almost entirely Over the Counter (OTC) as opposed to on-exchange,” which is resulting in “tighter spreads, better price discovery and deeper liquidity.”
“Also, from a technological infrastructure perspective, crypto markets still lag behind mainstream financial markets with trading traditionally fragmented across dozens of exchanges,” the announcement said.
“However, the industry is maturing and firms such as B2C2 and SFOX are partnering in order to offer the technology and tools expected by an institutional marketplace.” SFOX says that building crypto markets is the core of its company mission.
Max Boonen, Founder and CEO of B2C2, said that the partnership would allow “a broader set of market participants to access B2C2’s real-time OTC pricing and deep two-way markets.”
Both companies have launched new products within the last several months
“The Separately Managed Accounts Solution could lower the operational costs of wealth and investment managers, creating more time and tools for building crypto businesses,” the official announcement of the launch explained. “Combined with SFOX’s other tools, managers now have a single-point solution for their entire fund management workflow.”
In October, B2C2 launched a gold-backed derivative product that is settled in Bitcoin. The product is Only available to institutional clients, who can trade the product via the company’s Financial Conduct Authority (FCA)-regulated OTC trading desk.
London-based cryptocurrency Liquidity provider B2C2 has partnered with California-based cryptocurrency prime dealer SFOX to provide high-volume investors--including asset managers, hedge funds, family offices, and high-net-worth individuals--with a new source of liquidity. The partnership marks the first time an over-the-counter (OTC) trading venue has been added to the SFOX platform.
“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,” said Danny Kim, Head of Growth at SFOX, in an official statement. “SFOX clients will now benefit from a new source of OTC liquidity coupled with greater price discovery.”
In terms of OTC trading volume, crypto is looking a lot more like FX these days
Cryptocurrency markets have made a considerable shift away from traditional exchanges and toward OTC platforms as more high-volume investors have come into the space. For example, in August of 2019, Nelson Minier, head of OTC trading at major cryptocurrency exchange Kraken, told CoinTelegraph that the OTC desk’s trades per month had increased by a factor of 20 since the beginning of 2018.
An official announcement from the company said that “the development of the crypto market is mirroring the evolution of FX markets, which are almost entirely Over the Counter (OTC) as opposed to on-exchange,” which is resulting in “tighter spreads, better price discovery and deeper liquidity.”
“Also, from a technological infrastructure perspective, crypto markets still lag behind mainstream financial markets with trading traditionally fragmented across dozens of exchanges,” the announcement said.
“However, the industry is maturing and firms such as B2C2 and SFOX are partnering in order to offer the technology and tools expected by an institutional marketplace.” SFOX says that building crypto markets is the core of its company mission.
Max Boonen, Founder and CEO of B2C2, said that the partnership would allow “a broader set of market participants to access B2C2’s real-time OTC pricing and deep two-way markets.”
Both companies have launched new products within the last several months
“The Separately Managed Accounts Solution could lower the operational costs of wealth and investment managers, creating more time and tools for building crypto businesses,” the official announcement of the launch explained. “Combined with SFOX’s other tools, managers now have a single-point solution for their entire fund management workflow.”
In October, B2C2 launched a gold-backed derivative product that is settled in Bitcoin. The product is Only available to institutional clients, who can trade the product via the company’s Financial Conduct Authority (FCA)-regulated OTC trading desk.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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