TechFlow news — London-based liquidity provider B2C2 has acquired French market maker Woorton to gain access to Woorton's regulatory licenses, enabling its operations within the European Union. The financial terms of the transaction have not been disclosed.
Through Woorton’s PSAN Digital Asset Service Provider license, regulated by France’s Financial Markets Authority (AMF), B2C2 can now serve institutional investors across the EU via Woorton.
Thomas Restout, Head of Europe, Middle East, and Africa at B2C2, said that the Woorton team shares B2C2’s traditional finance background but with a focus on crypto and digital assets. The combination of these two highly complementary firms will deliver comprehensive multi-asset services to clients in the EU market.
Woorton will integrate its client base and over-the-counter trading services with B2C2, enhancing overall liquidity amid persistently weak conditions in the crypto market.
