B2C2 Expands APAC Presence with New Singapore Office

B2C2, a cryptocurrency market maker and liquidity provider, has expanded its operations in the Asia-Pacific (APAC) region by opening a new office in Singapore. This move adds to B2C2s existing presence in Japan and other major financial centres.

Founded in 2015 and headquartered in London, B2C2 is one of the largest OTC brokers and market makers in the cryptocurrency space, providing liquidity services that bridge traditional financial and cryptocurrency markets. B2C2s offering allows clients to take positions in the underlying OTC markets with a focus on offering a similar experience to trading on traditional FX platforms. Majority owned by Japanese financial conglomerate SBI Holdings, B2C2 has expanded its offerings beyond cryptocurrency to include 24/7 FX trading.

As part of its expansion strategy, B2C2 plans to apply for a Major Payment Institution license under the Monetary Authority of Singapore. Supported by the Japanese financial services group SBI, the firm aims to enhance its service offerings, including credit, deep liquidity, industry-leading pricing, and market-leading settlement for institutional clients.

B2C2's global footprint includes offices in London, Paris, Luxembourg, New Jersey, Tokyo, and now Singapore.

David Rogers has been appointed CEO of B2C2 Asia-Pacific to lead the expanded operations. Rogers brings 24 years of experience in both digital assets and traditional finance, with 17 years spent in the APAC region. His previous roles include Chief Operating Officer at an algorithmic trading and market-making firm and Managing Director and Head of Multi-Asset Trading, Asia-Pacific at State Street Global Advisors.

Thomas Restout, Group CEO of B2C2, noted the company's longstanding connection with Asia through its partnership with SBI. He stated that Singapore, as a leading financial centre, is a logical choice for B2C2's APAC expansion and emphasized the importance of Rogers' extensive experience in this role.

David Rogers expressed his commitment to leading B2C2‘s Asia-Pacific team, citing the firm’s balance sheet, settlement capabilities, and pricing and credit services as key strengths. Rogers mentioned that the existing APAC team would help enhance B2C2's presence in Singapore, which is anticipated to become an international hub for regulated digital asset trading. He also noted the firm's intention to collaborate with regulators and partners to grow this ecosystem.