Acquisition of Paris based digital assets liquidity provider drives EU client growth
Summary
B2C2, a leading crypto liquidity provider for institutional clients globally, has acquired Woorton, the European leader in market making and over the counter transactions in the digital asset industry. This strategic move allows B2C2 to expand its client coverage and tap into growth opportunities in the European Union (EU) jurisdiction. With the acquisition, B2C2 gains access to Woorton’s license, which authorizes it to operate in the EU.
Introduction
B2C2 has completed the acquisition of Woorton, a Paris-based market maker in the digital asset industry. This acquisition positions B2C2 to serve clients in the EU and expand its presence beyond the UK, Asia-Pacific, and the US. By obtaining Woorton’s license regulated by the AMF, B2C2 is authorized to operate in the EU market.
Main Points
Woorton, founded in 2017, has nearly 250 clients and provides liquidity for trading 96 coins. The company plays an active role in regulatory engagement and is a co-founder of ADAN, an initiative that fosters dialogue between the digital asset industry and policymakers. Woorton also organizes Paris Blockchain Week, a major event in the blockchain and digital assets space.
The CEO of Woorton, Charlie Meraud, is excited about the acquisition, stating that it will provide a stronger platform for the combined entity and enhance the liquidity pool and market presence for their customers. Nicola White, CEO of B2C2, sees this acquisition as an important milestone for B2C2’s growth and evolution. Thomas Restout, Head of EMEA at B2C2, emphasizes the cultural fit and shared values between the two companies.
Conclusion
The acquisition of Woorton by B2C2 marks a significant step in B2C2’s expansion plans. This strategic move enables B2C2 to serve clients in the EU and unlock growth opportunities. With their combined expertise and resources, B2C2 and Woorton aim to provide the best liquidity and trading experience in the digital assets industry.