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Who are B2C2?
We are the leading cryptocurrency liquidity provider. Named 2019 Best Institutional Crypto Liquidity Provider by the readers of Profit & Loss, B2C2 bridges the gap between traditional financial and cryptocurrency markets. Founded in 2015, we are trusted by retail brokerages, exchanges, banks and fund managers to provide 24/7 liquidity. Headquartered in the UK, with offices in London, Jersey City and Tokyo, we are privately held. Subsidiary B2C2 OTC Ltd. is authorised and regulated by the UK’s Financial Conduct Authority (FRN: 810834).
What do you offer as a liquidity provider?
We are trusted by our clients to provide 24/7 liquidity in all major cryptocurrency (BTC, ETH, LTC, BCH, XRP, EOS, DOT, UST*, LNK & USDC**) and fiat pairs. We do not trade ICO tokens.

We offer flexible trade size and settlement terms, in contrast to peers who require same-day settlement and high minimums.

*Tether/crypto pairs are available for all supported
cryptocurrencies on the platform.
** LINK & USDC will be available in the coming weeks.
Can anyone trade with B2C2?
Our clients include retail brokerages, exchanges, banks and fund managers. We do not serve retail clients.
What is the overnight funding rate? How is this calculated?
Our daily overnight funding rate is variable, dependent on various factors including liquidity and broad cryptocurrency contract demand across our franchise. This is calculated on a 365 day count convention. Adjustments are made in advance of important holidays and quarter ends.

If the rate is positive, clients with a long position will pay an overnight interest rate and clients with a short position will receive the rate. B2C2 currently applies a flat fee of 2% per annum on both long and short positions.
Do you have minimum/maximum trade sizes?
Clients can trade in any size from small 0.01 BTC trades to multi-million dollar blocks. The maximum trade size is negotiated individually with each client.
Do I need to deposit funds prior to trading? How do you manage settlement?
Clients do not usually need to deposit funds with B2C2 prior to trading; the amount payable/receivable is transferred post-trade. However, we reserve the right to require initial margin in some cases.

Trades are aggregated so that multiple trades can be settled in a single transaction. Our minimum settlement size is $50,000 equivalent per currency. We do not have a maximum settlement size.

Digital asset transfers can take up to 12 hours if initiated manually. Fiat transfers are usually completed within 1-3 business days, depending on your bank and the currency.
What is your KYC process and how soon can I start trading?
Our KYC process takes between 1-3 business days, depending on the quality of the documentation provided to B2C2. If required, our compliance team will contact you for additional information.

Once the KYC online form has been submitted, our team will send you the B2C2 Master Trading Agreement for review and signature. In the meantime, the information collected will be checked by our compliance department, and peer-reviewed by the Head of Compliance. Once approved, your account manager will set up the account and you will be ready for the test transaction.
How does your trading system work?
The default order type on our web and mobile user interfaces is market orders. Clients can also select fill-or-kill in the dropdown menu.
Can you disclose who your clients are?
Our client base is predominantly institutional firms such as regulated brokerages, exchanges, banks and fund managers. We have an obligation of confidentiality towards our clients but several institutions have made their relationship with B2C2 public and this can be found online.
What is an OTC liquidity provider?
An OTC liquidity provider enables clients to buy and sell cryptocurrencies off-exchange or, as is more commonly known, over-the-counter. When trading OTC, you are more likely to benefit from tighter spreads, deeper liquidity and reduced market impact than when trading on exchange.
How are you different from other providers?
We are the leading cryptocurrency liquidity provider. Our business model is to provide the best possible pricing and a level of customer service normally only seen in traditional financial markets. Our clients tell us this is what sets B2C2 apart.

Our world-class technology provides streaming prices and instant execution via REST, WebSocket and FIX APIs, as well as on our web interface and by voice. We are also integrated with the largest liquidity hubs.
What are Contracts for Difference (CFDs)?
A contract for difference (CFD) is an OTC derivative contract where your gain or loss is equal to the difference between your entry price and your exit price. It provides the same market exposure as trading cryptocurrencies physically, but only gains and losses are settled between parties, rather than through the delivery of the underlying asset. A CFD is equivalent to a futures contract that does not expire. CFDs are governed by MiFID and we offer this product via our subsidiary B2C2 OTC Ltd. which is authorised and regulated by the FCA (FRN 810834).

Our OTC CFDs are similar to the perpetual swaps trading on a variety of crypto exchanges, with some important differences:

Our product does not have any inverse or quanto features
Our product trades at the spot price, not at a premium or discount
B2C2 does not impose socialised losses

Our funding mechanism is such that clients can often earn a positive funding rate depending on their position.
What are the margin requirements for trading CFDs?
The standard margin requirement is 30% of all open CFD contracts. However, this can be adjusted for specific clients.
What are your fees?
We do not charge clients a commission for trading with us.
Can I send funds to B2C2 from my exchange account? Can B2C2 send funds to my exchange account?
No, third party transfers are strictly forbidden due to our anti-money laundering obligations. Funds sent from an address you don’t control will be returned and you will be required to resend these from an address you do control. If you use a custodian, please inform your account manager so that the address is not flagged as third party.
How do I connect to B2C2?
You can connect to us via REST, WebSocket and FIX APIs, in addition to via web interface or voice trading. We are also integrated with the major liquidity hubs including AlgoTrader,, Caspian, Celertech, Deltix, FlexTrade, Gold-i, MT4/5, oneZero, PrimeXM, SFOX, Simplex Inc, SmartTrade, TradAir and Trading Screen.
Can I test the platform before trading?
Yes, we can provide you with an account in our sandbox environment.
Who are your investors?
B2C2 is privately held. The founders own the majority of the company and count financial institutions and prominent market experts as minority shareholders.
About B2C2
Who are B2C2?
We are the leading cryptocurrency liquidity provider. Named 2019 Best Institutional Crypto Liquidity Provider by the readers of Profit & Loss, B2C2 bridges the gap between traditional financial and cryptocurrency markets. Founded in 2015, we are trusted by retail brokerages, exchanges, banks and fund managers to provide 24/7 liquidity. Headquartered in the UK, with offices in London, Jersey City and Tokyo, we are privately held. Subsidiary B2C2 OTC Ltd. is authorised and regulated by the UK’s Financial Conduct Authority (FRN: 810834).
What is an OTC liquidity provider?
An OTC liquidity provider enables clients to buy and sell cryptocurrencies off-exchange or, as is more commonly known, over-the-counter. When trading OTC, you are more likely to benefit from tighter spreads, deeper liquidity and reduced market impact than when trading on exchange.
What do you offer as a liquidity provider?
We are trusted by our clients to provide 24/7 liquidity in all major cryptocurrency (BTC, ETH, LTC, BCH, XRP, EOS, DOT, UST*, LNK & USDC**) and fiat pairs. We do not trade ICO tokens.

We offer flexible trade size and settlement terms, in contrast to peers who require same-day settlement and high minimums.

*Tether/crypto pairs are available for all supported
cryptocurrencies on the platform.
** LINK & USDC will be available in the coming weeks.
How are you different from other providers?
We are the leading cryptocurrency liquidity provider. Our business model is to provide the best possible pricing and a level of customer service normally only seen in traditional financial markets. Our clients tell us this is what sets B2C2 apart.

Our world-class technology provides streaming prices and instant execution via REST, WebSocket and FIX APIs, as well as on our web interface and by voice. We are also integrated with the largest liquidity hubs.
Can anyone trade with B2C2?
Our clients include retail brokerages, exchanges, banks and fund managers. We do not serve retail clients.
What are Contracts for Difference (CFDs)?
A contract for difference (CFD) is an OTC derivative contract where your gain or loss is equal to the difference between your entry price and your exit price. It provides the same market exposure as trading cryptocurrencies physically, but only gains and losses are settled between parties, rather than through the delivery of the underlying asset. A CFD is equivalent to a futures contract that does not expire. CFDs are governed by MiFID and we offer this product via our subsidiary B2C2 OTC Ltd. which is authorised and regulated by the FCA (FRN 810834).

Our OTC CFDs are similar to the perpetual swaps trading on a variety of crypto exchanges, with some important differences:

Our product does not have any inverse or quanto features
Our product trades at the spot price, not at a premium or discount
B2C2 does not impose socialised losses

Our funding mechanism is such that clients can often earn a positive funding rate depending on their position.
What is the overnight funding rate? How is this calculated?
Our daily overnight funding rate is variable, dependent on various factors including liquidity and broad cryptocurrency contract demand across our franchise. This is calculated on a 365 day count convention. Adjustments are made in advance of important holidays and quarter ends.

If the rate is positive, clients with a long position will pay an overnight interest rate and clients with a short position will receive the rate. B2C2 currently applies a flat fee of 2% per annum on both long and short positions.
What are the margin requirements for trading CFDs?
The standard margin requirement is 30% of all open CFD contracts. However, this can be adjusted for specific clients.
Do you have minimum/maximum trade sizes?
Clients can trade in any size from small 0.01 BTC trades to multi-million dollar blocks. The maximum trade size is negotiated individually with each client.
What are your fees?
We do not charge clients a commission for trading with us.
Do I need to deposit funds prior to trading? How do you manage settlement?
Clients do not usually need to deposit funds with B2C2 prior to trading; the amount payable/receivable is transferred post-trade. However, we reserve the right to require initial margin in some cases.

Trades are aggregated so that multiple trades can be settled in a single transaction. Our minimum settlement size is $50,000 equivalent per currency. We do not have a maximum settlement size.

Digital asset transfers can take up to 12 hours if initiated manually. Fiat transfers are usually completed within 1-3 business days, depending on your bank and the currency.
Can I send funds to B2C2 from my exchange account? Can B2C2 send funds to my exchange account?
No, third party transfers are strictly forbidden due to our anti-money laundering obligations. Funds sent from an address you don’t control will be returned and you will be required to resend these from an address you do control. If you use a custodian, please inform your account manager so that the address is not flagged as third party.
What is your KYC process and how soon can I start trading?
Our KYC process takes between 1-3 business days, depending on the quality of the documentation provided to B2C2. If required, our compliance team will contact you for additional information.

Once the KYC online form has been submitted, our team will send you the B2C2 Master Trading Agreement for review and signature. In the meantime, the information collected will be checked by our compliance department, and peer-reviewed by the Head of Compliance. Once approved, your account manager will set up the account and you will be ready for the test transaction.
How do I connect to B2C2?
You can connect to us via REST, WebSocket and FIX APIs, in addition to via web interface or voice trading. We are also integrated with the major liquidity hubs including AlgoTrader,, Caspian, Celertech, Deltix, FlexTrade, Gold-i, MT4/5, oneZero, PrimeXM, SFOX, Simplex Inc, SmartTrade, TradAir and Trading Screen.
How does your trading system work?
The default order type on our web and mobile user interfaces is market orders. Clients can also select fill-or-kill in the dropdown menu.
Can I test the platform before trading?
Yes, we can provide you with an account in our sandbox environment.
Can you disclose who your clients are?
Our client base is predominantly institutional firms such as regulated brokerages, exchanges, banks and fund managers. We have an obligation of confidentiality towards our clients but several institutions have made their relationship with B2C2 public and this can be found online.
Who are your investors?
B2C2 is privately held. The founders own the majority of the company and count financial institutions and prominent market experts as minority shareholders.