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B2C2 Adds Electronic Crypto Options to Over-the-Counter Trading Platform
Clients of the liquidity provider can now trade over-the-counter options electronically in an expansion beyond the “voice via chat” options trading started a year ago.
B2C2, a liquidity provider for crypto markets, said clients can now trade over-the-counter options electronically, in an expansion beyond the “voice via chat” options trading started a year ago.
The seven-year-old firm, a unit of the Japanese financial firm SBI Holdings, claims the Options Chain offering is a first for digital-asset markets, where players say they’re moving to accommodate fast-growing interest in crypto from institutional investors.
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Over-the-counter trading is when transactions take place outside of exchanges, typically with more flexibility in contract terms and credit acceptance.
“This functionality transforms OTC options trading by giving traders a choice of how to execute off-exchange trades,” B2C2 said Monday in a press release.
Dominic Lohberger, head of trading at Switzerland-based Sygnum Bank, said in the press release his firm executed the first trade with B2C2 on the new platform.
Lyllah Ledesma
Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia. Lyllah holds bitcoin, ether and small amounts of other crypto assets.
