Market Makers in High Demand as Crypto Liquidity Scarcity Bites
The crypto market has seen renewed demand for institutional-grade liquidity, driven by big flows and sticky risk. Market makers like B2C2 are in high demand as they provide dependable liquidity across fragmented venues.
Reports say B2C2 held talks with multiple buyers over the past 18 months, targeting a valuation above $1 billion. The company is also exploring a capital raise of up to $200 million that could dilute SBI Holdings' roughly 90% stake.
The current market environment has made liquidity scattered across various venues, including spot exchanges, perps and dated futures, OTC, and DeFi pools. Market makers like B2C2 stitch these pipes together by warehousing risk when spreads blow out and hedging it where basis or correlations make sense.