ChainCatcher message, according to monitoring by The Data Nerd, in the past 24 hours, a certain wallet (possibly belonging to B2C2 Group) has deposited a total of 58.95 million USDC to trading platforms Binance, OKX, Coinbase, and Kraken.

ChainCatcher news, according to monitoring by The Data Nerd, an address suspected to belong to B2C2 Group deposited 6 million USDC and 3 million USDT to Binance 8 hours ago. 20 minutes ago, the address withdrew 1,524 ETH (approximately 3.91 million USD) from Binance.

ChainCatcher news, according to the Web3 asset data platform RootData, at 21:31 Beijing time today, Alameda Research transferred 1,500 ETH to the liquidity provider B2C2, worth 3.4929 million USD.

ChainCatcher news, according to The Information, the collapse of major cryptocurrency-friendly banks last year caused significant trouble for the cryptocurrency market, making it more difficult for hedge funds and other cryptocurrency investors to transfer funds at the speed required by most exchanges.However, an increasing number of cryptocurrency brokerage firms (such as FalconX) and cryptocurrency trading companies (including GSR and B2C2) have stepped in to provide short-term financing to ensure that their clients' trades can be settled immediately, generating substantial returns in the process. Several cryptocurrency brokers are acting as shadow banks, providing short-term loans to bridge the timing mismatch, charging annual interest rates of up to 25%.

ChainCatcher news, according to Arkham monitoring, the German government address transferred 1,000 bitcoins, worth 57.52 million dollars, to the suspected crypto market maker B2C2 Group address 10 minutes ago.

ChainCatcher news, according to Whale Alert monitoring, a 139PoP starting address transferred 998 BTC to B2C2 around 17:36 Beijing time, worth $58,127,219.

ChainCatcher message, according to Arkham data, a wallet address marked as belonging to the German government transferred 750 BTC to a suspected B2C2 Group address 10 minutes ago.

ChainCatcher news, according to Scopescan monitoring, the UK large crypto trading company B2C2 Group transferred a total of 40 billion SHIB from Coinbase and OKX to Robinhood, approximately 13 million USD.

ChainCatcher news, according to The Block, UK-based large crypto trading firm B2C2 has obtained registration from the Luxembourg financial regulatory authority through an acquisition. According to the registration website of the Luxembourg Financial Industry Supervisory Commission, B2C2 has become the 12th officially licensed cryptocurrency company in the country.After registration, B2C2 will be able to offer over-the-counter spot cryptocurrency trading to institutional clients and collaborate with local cryptocurrency service providers and traditional financial institutions. As part of its expansion in Europe, B2C2 recently acquired the French cryptocurrency liquidity provider Woorton. The company stated that the Luxembourg branch will be led by Denzel Walters, the business manager of B2C2's London office.

ChainCatcher news, according to CoinDesk citing sources, the stock and cryptocurrency trading platform Robinhood has stopped its partnership with cryptocurrency market maker Jump Trading. Since the fourth quarter of 2022, Robinhood's financial reports have not mentioned the Jump Trading affiliate handling its order flow; instead, public documents from the U.S. Securities and Exchange Commission (SEC) show that B2C2 is now handling most of Robinhood's cryptocurrency order flow.

ChainCatcher news, according to CoinDesk, London-based liquidity provider B2C2 has acquired the French market-making firm Woorton, a deal that allows B2C2 to obtain Woorton's regulatory licenses, enabling it to operate in the European Union.

ChainCatcher news, the institution-focused cryptocurrency exchange Bullish has partnered with cryptocurrency market maker B2C2 to provide trading liquidity for B2C2's clients. (CoinDesk)

ChainCatcher news, crypto market maker B2C2 is considering purchasing a portion of Genesis's short-term loans at a discounted price. B2C2 founder Max Boonen stated that the potential deal is expected to be completed within this week."We're not doing this out of altruism; by obtaining discounted loans, we can enhance B2C2's reputation and actually make money." However, Boonen has not seen Genesis's balance sheet and declined to comment on the specific figures of the potential deal.Additionally, Genesis has not disclosed whether it will proceed with this transaction, and preliminary discussions have taken place with Boonen. (source link)