B2C2 introduced on Tuesday that it’s partnering with oneZero Monetary Programs (oneZero), a software program supplier for each institutional and retail buying and selling brokers. The partnership will allow oneZero’s purchasers to entry B2C2, a cryptocurrency liquidity supplier to institutional buyers.
Based in 2015 by a former Goldman Sachs dealer, Max Boonen, B2C2 has shortly grow to be one of many largest cryptocurrency market makers on the planet. The agency has centered its efforts on the institutional market and, since its founding, has taken particular person orders value tens of hundreds of thousands of .
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The corporate’s take care of oneZero was pushed by the calls for of institutional purchasers. Regardless of an curiosity in cryptocurrency cooling after the increase that befell in late 2017 and early 2018, institutional buyers nonetheless need publicity to main cryptocurrencies, reminiscent of Bitcoin and Ethereum, towards fiat currencies.
Integration with oneZero’s know-how ought to be pretty simple for B2C2. The market maker’s platform can combine with FIX-based programs, reminiscent of oneZero’s, which means that oneZero’s purchasers can plug-in to the B2BC’s system and have direct entry to its companies.
The partnership may even see B2C2 becoming a member of oneZero’s liquidity EcoSystem. This can be a distribution channel of multi-asset class liquidity for a community of brokers, prime brokers and hedge funds. Present members of the EcoSystem embody Sucden Monetary and Swissquote.
Andrew Ralich, CEO of oneZero, commented on the brand new partnership, stating: “B2C2 is a number one cryptocurrency market maker, and their institutional-grade resolution is indicative of how the market’s capabilities are shortly evolving. We stay up for anticipating and persevering with to ship revolutionary companies for our purchasers.”