Crypto market maker B2C2 has secured a Crypto-Asset Service Provider (CASP) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), granting it the right to offer regulated over-the-counter (OTC) spot trading across all 27 European Union member states and three additional European Economic Area (EEA) countries. The authorization under the EU’s Markets in Crypto-Assets (MiCA) framework allows B2C2 to passport its services throughout the bloc without needing separate approvals in each jurisdiction.
The company, acquired by Japanese financial group SBI Holdings in a deal valued at around $300 million in 2020, stated it is the first global OTC liquidity provider to obtain a MiCA license. B2C2 had already registered as a virtual asset service provider in Luxembourg in 2024, a step that paved the way for the full CASP license. CEO Thomas Restout called the approval a significant accomplishment, highlighting the firm’s commitment to regulatory compliance and governance.
The license comes ahead of the July 2026 deadline for the MiCA transition period, with the framework having been fully applicable to crypto firms since December 2024. B2C2 joins a growing roster of companies operating under MiCA, including Coinbase (also via Luxembourg) and Kraken (via Ireland). For institutional investors, the move reduces counterparty risk and aligns with internal compliance policies, potentially accelerating adoption of digital assets in the region.
