B2C2 opens new office, seeks MPI license in Singapore

Cryptocurrency market maker and liquidity provider, B2C2 has expanded its operations in the Asia-Pacific (APAC) region with a new office in Singapore. The move builds on B2C2’s existing presence in Japan and other major financial centers.

B2C2 opens new office, seeks MPI license in Singapore

As part of its expansion strategy, B2C2 will apply for a Major Payment Institution license under the Monetary Authority of Singapore. Supported by the Japanese financial services group SBI, the firm plans to improve its service offerings, including credit, deep liquidity, industry-leading pricing, and market-leading settlement for institutional clients.

B2C2’s global footprint includes offices in London, Paris, Luxembourg, New Jersey, Tokyo, and now Singapore.

David Rogers has been appointed CEO of B2C2 Asia-Pacific to lead the expanded operations. Rogers brings 24 years of experience in both digital assets and traditional finance, with 17 years spent in the APAC region. His previous roles include Chief Operating Officer at an algorithmic trading and market-making firm and Managing Director and Head of Multi-Asset Trading, Asia-Pacific at State Street Global Advisors.

Thomas Restout, Group CEO of B2C2, stated, “B2C2 has had a longstanding connection with Asia through our partnership with SBI. Singapore’s position as a leading financial center makes it a logical choice for our APAC expansion. David brings a wealth of expertise to his role, and we look forward to supporting him in growing our operations in the region.”

David Rogers commented, “I am thrilled to lead B2C2’s Asia-Pacific team. The firm’s strong balance sheet, unparalleled settlement capability, and extensive pricing and credit capabilities make it the leading counterparty for financial institutions globally. With a strong existing APAC team, we will further augment our presence in Singapore, which is poised to become an international hub for regulated digital asset trading. We are excited to collaborate with regulators and partners to grow this ecosystem.”

B2C2 is one of the largest OTC brokers/market makers in the crypto space and ‎provides related liquidity services. Founded in 2015 and headquartered in ‎London, the privately held company advertises its offering as a solution that bridges ‎the gap between traditional financial and cryptocurrency markets.‎

B2C2’s offering allows clients to take positions in the underlying OTC markets with a greater focus on offering a similar experience to trading on traditional FX platforms.‎

B2C2, which is majority owned and backed by Japanese financial conglomerate SBI Holdings, expanded its offering beyond crypto to include 24/7 FX trading. B2C2’s clients can view and execute their trades on a real-time two-way market through a point-and-click interface and also monitor live pricing in defined quantities.