Crypto market maker B2C2 plans to raise $200 million

On July 17, according to CoinDesk, citing people familiar with the matter, cryptocurrency market maker B2C2 is seeking to raise up to $200 million, part of which will be used to allow its main shareholder, SBI Holdings, to reduce its stake. SBI Holdings acquired 90% of B2C2's shares in December 2020, after making an initial investment of $30.00 million in July of the same year. B2C2 is a crypto market maker regulated by the UK Financial Conduct Authority (FCA) with offices in London, the US and Japan. While SBI Holdings has previously denied reports of considering selling its B2C2 shares, the latest news suggests its position may have changed. [TechFlow]