Leading crypto market maker B2C2 has completed the acquisition of France-based rival Woorton in a strategic move to enhance its expansion efforts in Europe.
Crypto Market Maker B2C2 Acquires Woorton To Strengthen Its European Presence
The acquisition not only expresses B2C2's commitment to expand its presence, but also strengthens its regulatory compliance in the region.
B2C2 announced today that the acquisition of Woorton comes with valuable benefits, including access to Woorton's PSAN license, which is regulated by France's financial market regulator Autorité des Marchés Financiers (AMF).
This regulatory permit takes a proactive approach to staying compliant with evolving industry standards by providing B2C2 the ability to serve clients in the European Union in compliance with Crypto Asset Markets Regulation (MiCA) rules.
B2C2 CEO Nicola White expressed her excitement about the acquisition, underlining the importance of B2C2 in its continued growth trajectory.
“This acquisition is an important milestone in B2C2's ongoing journey of growth and evolution,” said White.
White also offered a warm welcome to Woorton's accomplished team, commending their expertise and commendable track record in creating the digital asset market.
The merger of B2C2 and Woorton is expected to experience strong synergies. With nearly 250 clients currently trading in 96 different cryptocurrencies, Woorton brings a solid client base to the merger.
This, combined with B2C2's established reputation as a market maker, creates comprehensive market maker power in the rapidly evolving crypto industry.
*Not investment advice.