Coindesk Logo

SBI Financial Acquires Institutional Crypto Desk B2C2

SBI Financial Acquires Institutional Crypto Desk B2C2

SBI Financial Acquires Institutional Crypto Desk B2C2

SBI Financial Services has acquired cryptocurrency trading platform B2C2, according to a report.

SBI Financial Services has acquired cryptocurrency trading platform B2C2, according to a report.

SBI Financial Services has acquired cryptocurrency trading platform B2C2, according to a report.

AccessTimeIconDec 15, 2020, 5:14 PM
Updated Aug 19, 2021, 6:07 AM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

SBI Financial Services has acquired cryptocurrency trading platform B2C2, Reuters reported Monday.

  • The Japanese firm said it will leverage B2C2's crypto rails for mainstream financial institutions.
  • Reuters reports that SBI Holdings is now the first major financial firm to own a crypto desk.
  • SBI acquired a $30 million minority stake in B2C2 this summer. It has been offering clients access to B2C2's trading portal ever since.
  • SBI subsidiaries have shown a penchant for crypto projects including security token offerings and digital asset exchange partnerships. The group offers shareholder payouts in XRP.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.