Crypto Market Maker B2C2 Seeks $200 Million Funding Round Amid Global Expansion

B2C2, the London-based cryptocurrency market maker majority-owned by Japan's SBI Holdings, is preparing to raise up to $200 million from external investors. The capital injection will dilute SBI's current 90% stake, acquired through a series of investments beginning with a $30 million commitment in 2020.

The market Maker has aggressively expanded under SBI's stewardship, establishing regulatory-compliant operations across London, the U.S., and Japan. Recent strategic moves include acquiring Paris-based Woorton and securing Luxembourg's VASP registration—positioning the firm for broader European market access.

SBI's May financial disclosures attributed B2C2's growth trajectory to renewed crypto market vitality, notably citing macroeconomic shifts following the U.S. presidential transition. While earlier reports suggested a partial stake sale valued at $100 million, the current funding round represents a more ambitious capitalization strategy.