Institutional crypto liquidity provider B2C2 has received MiCA authorisation to operate as a global OTC liquidity provider.
Thomas Restout
The approval – granted by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) – marks an industry first, making B2C2 the first global OTC liquidity provider to receive a crypto-asset service provider (CASP) license.
The license is expected to allow the firm to boost its operations across Europe, and scale its OTC spot crypto trading services through MiCA’s passporting regime, for clients based in both the EU and EEA.
Thomas Restout, group chief executive at B2C2, said: “Obtaining MiCA authorisation is a significant accomplishment for B2C2. It demonstrates the regulatory and operational standards we operate under, and reflects our long-standing focus on regulatory compliance and governance.
“We are proud to set this benchmark and become the first OTC liquidity provider to receive a MiCA CASP licence.”
Read more – B2C2 and Swissquote partner to enhance liquidity on SQX
Prior to receiving the authorisation, B2C2 had received regulatory approval to operate within European markets, functioning as a virtual asset service provider (VASP) in Luxembourg since 2024.
Specifically, the firm’s offering spans liquidity and electronic pricing for digital assets, as well as near instant settlement available on a 24/7 model.
Read more – Institutional demand for digital assets growing, yet obstacles to adoption remain
Denzel Walters, head of Luxembourg at B2C2, said: “Since launching operations in Luxembourg in 2024, we have been impressed by the country’s forward-looking regulatory approach and growing digital asset ecosystem.
“Securing MiCA authorisation here enables B2C2 to expand regulated services to clients across the EU.”