Sources: Crypto market maker B2C2 plans to raise up to $200 million

according to multiple sources cited by CoinDesk, the cryptocurrency market maker B2C2, regulated by the UK's FCA, is seeking to raise up to $200 million from external investors.

Part of this funding will be used to help its major shareholder SBI Holdings reduce its stake. SBI Holdings' subsidiary SBI Financial Services acquired 90% of London-based B2C2 in December 2020, after initially investing $30 million in the company in July of the same year.

B2C2 declined to comment. As of the time of publication, SBI Holdings has also not responded to requests for comment.