B2C2 launches crypto OTC options integrated into spot, CFD and loans trading platform

B2C2 has gone live with electronic options trading for the over-the-counter (OTC) crypto market.

Prior to the launch, the crypto liquidity provider and institutional digital asset specialist offered ‘voice via chat’ OTC options trading since October 2021.

B2C2’s Single Dealer Platform has now added an OTC options experience – Options Chain – that provides a visual interface enabling ‘point & click’ electronic trading in OTC crypto options for the first time.

The move gives traders a practical choice of how to execute off-exchange trades, providing them with a comprehensive view of live OTC prices for all strikes in one place.

Fully integrated into B2C2’s crypto-native spot, CFD and loans trading platform, the OTC options functionality also includes post-trade reporting with a trade blotter and aggregated positions, along with automation around B2C2’s institutional-grade ISDA margin functionality.

B2C2 plans to include RFQ functionality

B2C2 plans to add new features over the next few months, including an options calculator with Request for Quotes (RFQ) functionality on complex derivatives structures, available on the B2C2 portal as well as via API.

The OTC market includes a number of features unavailable to on-exchange trading, such as:

  • Flexible contracts tailorable to a client’s specific needs and strategy;
  • A bilateral counterparty relationship built on trust and with the ability to extend credit;
  • Technology, operations and risk management best practices designed for institutional needs and standards.

Johannes Woolard, Head of Options, B2C2, said: “Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months. Clients are looking for a more comprehensive set of tools to access, hedge and trade crypto simply and easily. Institutions turn to us as a well-established and innovative crypto-native liquidity provider with the reliable and resilient trading infrastructure they require.”

Dominic Lohberger, Head of Trading, Sygnum Bank, said, “B2C2 is taking institutional crypto derivatives trading to the next level. As a regulated digital asset bank with institutional clients, Sygnum is proud to be executing the first OTC trade with the B2C2 Options Chain. Together we are setting the path for the future of electronic crypto trading.”