Sources say crypto market maker B2C2 is trying to raise $200 million

On July 17 (UTC+8), according to CoinDesk citing sources, B2C2, a cryptocurrency market maker under SBI Holdings, is planning to raise up to $200 million from external investors. It is reported that part of this financing for the London-based company will be used to help SBI Holdings in Tokyo reduce its 90% stake in B2C2. However, this news has not been made public, and neither B2C2 nor SBI Holdings has commented on it as of now. Previously, SBI Financial Services acquired a 90% stake in B2C2 in December 2020, and the first investment was in July 2020, amounting to $30.000 million. (Source: Mlion.ai) [MetaEra]