Crypto market maker B2C2 acquires equity stake in bitcoin exchange LGO

Quick Take

  • Crypto market maker B2C2 has acquired an equity and token stake in institutional bitcoin exchange LGO
  • The deal takes the market maker/exchange relationship one step further

Cryptocurrency market maker B2C2 has acquired an equity and token stake in institutional bitcoin exchange LGO.

Revealing the news exclusively to The Block on Thursday, France-based LGO said the partnership had been in the pike for a couple of months. B2C2 has been a market maker on LGO, providing liquidity for the exchange. 

Since the beginning of the year, LGO has been connected to B2C2 through its internal agency brokerage, which allows users of its platform to access liquidity across several market makers. 

It's not unusual for exchanges to offer incentive deals to entice market makers to add liquidity to their venues, but the new deal takes the market maker/exchange relationship one step further. 

In an interview with The Block, LGO chief executive Hugo Renaudin said that those agreements typically work well, but the deal struck with B2C2 will better align interests of the two companies. 

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