This partnership is aimed toward lease SFOX purchasers (together with plus managers, house places of work and excessive web price people) entry B2C2’s giant liquidity swimming pools and better-priced over-the-counter (OTC) markets although a single level of entry.
Danny Kim, head of progress at SFOX, stated:
“We are delighted to partner with B2C2, the largest OTC liquidity provider whose streaming pricing and electronic trading capabilities are relied on by institutional market participants globally. SFOX clients will now benefit from a new source of OTC liquidity coupled with greater price discovery.”
Max Boonen, founder and CEO of B2C2, stated:
“Our partnership enables a broader set of market participants to access B2C2’s real-time OTC pricing and deep two-way markets. Much like the FX markets which are near entirely OTC, the digital plus class is more and more trading off-exchange, consequent in tighter spreads and deeper liquidity.”
B2C2 is the primary OTC buying and merchandising locale to be added to the SFOX platform. Leadership at each platforms consider that cryptocurrency OTC markets have gained market share from conventional exchanges over the previous three years. A report by Aite Group1 foretold that OTC exercise would quickly account for near all of cryptocurrency buying and merchandising quantity.
Cointelegraph reported that current knowledge from Tabb Group exhibits that the share of United States equities listed off-exchange elevated from 34.7% in December 2019 to 38.6% in April 2019. This development can be being mirrored in Europe, the place off-exchange buying and merchandising accounted for 9.6% of all on-exchange exercise for a similar interval.