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SBI Holdings Acquires B2C21 to Attract Institutional Crypto Traders
Last Updated: 16 December 2020
SBI Holdings has joined the long list of firms looking to attract more institutional crypto investors. This week, the firm completed the acquisition of B2C2, a British crypto trading firm.
Creating a New Subsidiary
According to an official announcement from earlier today, SBI Holdings confirmed that it had purchased 90 percent of B2C2. The company explained that both firms would now be looking into expanding trading opportunities for mainstream financial institutions with an appetite for cryptocurrencies.
Max Boonen, B2C2’s founder and chief executive, noted that the move was in line with the firm’s desire to increase its user base. He added that cryptocurrencies had become a non-negligible part of the global financial industry. They will continue to have more of an impact on the financial market for the next decade.