B2C2 Launches Fully Electronic Crypto Options Trading

Crypto liquidity provider B2C2 has gone live with electronic options trading for the OTC crypto market.

Previously the firm has offered OTC options trading via chat, but it has now gone live with fully electronic trading on its single dealer platform. Options Chain, the firm says, offers point and click trading, as well as streaming options prices. Users can view live OTC prices for all strikes in one place for the first time, it adds, providing the whole surface at a glance.

Options post-trade reporting is already live with a trade blotter and aggregated positions, along with automation around B2C2’s ISDA margin functionality. New features will be added incrementally over the next few months, the firm says, including an options calculator with RFQ functionality on complex derivatives structures. All functionalities will be available on the B2C2 portal as well as via API.

“Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months,” says Johannes Woolard, head of options, B2C2. “Clients are looking for a more comprehensive set of tools to access, hedge and trade crypto simply and easily. Institutions turn to us as a well-established and innovative crypto-native liquidity provider with the reliable and resilient trading infrastructure they require.”

Dominic Lohberger, head of trading at Sygnum Bank, adds, “B2C2 is taking institutional crypto derivatives trading to the next level. As a regulated digital asset bank with institutional clients, Sygnum is proud to be executing the first OTC trade with the B2C2 Options Chain. Together we are setting the path for the future of electronic crypto trading.”