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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.
Updated Oct 31, 2022, 2:42 p.m. Published Oct 31, 2022, 8:00 a.m.
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.
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