Crypto liquidity provider B2C2 has gone live with electronic options trading for the over-the-counter (OTC) crypto market via its single dealer platform Options Chain. Digital asset bank Sygum will be the first to use the service.
Users will benefit from seeing a comprehensive view of live OTC prices for all strikes, removing the need for individual price requests. The service is the first to provide this, along with ‘point and click’ electronic trading for OTC crypto options, leaving traders able to decide how they want to execute off-exchange trades.
The new service is integrated into B2C2’s crypto-native platform, to which new functionalities will be added over the coming months. These features will also be available via an application programme interface in addition to the company’s platform.
Johannes Woolard, head of options at B2C2, says: “Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months. Clients are looking for a more comprehensive set of tools to access, hedge and trade crypto simply and easily. Institutions turn to us [for] the reliable and resilient trading infrastructure they require.”
Dominic Lohberger, head of trading at Sygum Bank, comments: “B2C2 is taking institutional crypto derivatives trading to the next level. 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.”
