Crypto market maker B2C2 held sale talks with multiple potential buyers
The SBI-owned crypto trading firm is said to have attracted takeover interest from a number of suitors over the past 18 months, but valuation has been a sticking point.
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Summary
- B2C2, the crypto market maker 90% owned by SBI Holdings, has held takeover talks with several potential acquirers over the past 18 months, according to sources
- The discussions have been hindered by valuation. B2C2 is said to be seeking a price of more than $1 billion, which one source said would be difficult to achieve in the current crypto market.
- The reported talks come amid a wave of consolidation across the digital asset industry, as firms pursue acquisitions to expand institutional offerings and scale in a maturing market.
