Structured comparison · last re-checked 2026-09
B2C2 vs. Evaluate B2C2's liquidity against single prime brokers and multi-PoP setups for institutional crypto trading.
B2C2 OTC Ltd is FCA-regulated in the UK and holds MiCA authorisation in Luxembourg. It serves a range of institutional clients including banks and fintechs, but lacks published venues. Self-measured claims of being a global leader may require further verification.
78Evidence score/100
0Venues
3Connectivity
3Asset classes
01
Licence, read on the register
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA | 810834 | UK | tier-1 | https://www.b2c2.com/disclaimer |
| CSSF (MiCA CASP authorisation; VASP registration from 2024) | not verified | Luxembourg | tier-1 | https://www.b2c2.com/newspost/b2c2-becomes-first-global-otc-liquidity-provider-authorised-under-mica |
Source: www.b2c2.com · open source ↗
02
The comparison ledger
Where the model wins, where it merely competes, and which claims a counterparty can actually test.
A
Wins where
- 24/7 OTC support for institutions
- Access to stablecoin swaps
B
Merely competes where
- Single prime brokers
- Multi-PoP liquidity providers
- Direct venue memberships
C
Testable claims
- B2C2 OTC Ltd is authorised and regulated by the FCA in the UK (reference number 810834) in relation to the regulated activities it performs, while its cryptoasset services are not currently regulated by the FCA and clients will not benefit from compensation/ombudsman schemes (b2c2.com/disclaimer)
- B2C2 Europe S.à r.l. obtained MiCA authorisation from Luxembourg's CSSF as a Crypto-Asset Service Provider on 13 May 2026, announced 15 May 2026, enabling OTC spot crypto services across the EU/EEA via passporting; the firm had been registered as a VASP in Luxembourg from 2024 (own press release)
- B2C2 Europe S.à r.l. is registered with the CSSF as a Virtual Asset Service Provider, RCS number B265273, 1 rue Jean Piret, L-2350 Luxembourg (b2c2.com/disclaimer)
- Institutional solutions page lists 24/7/365 support for asset managers, funds, banks, brokers, exchanges, DATs, fintechs and crypto projects (b2c2.com)
D
Claims we cannot verify from outside
- 'Global leader in institutional digital asset liquidity' positioning (self-description)
- 'Battle-tested technology' / 'crypto-native expertise' marketing language
- 'First Global OTC Liquidity Provider to secure a CASP licence' superlative (self-claimed, cannot be independently verified without a CSSF register check)
03
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| Crypto OTC spot, Stablecoin swaps, Digital-asset market making | API (OTC), Chat/voice OTC, Settlement 24/7/365 | Asset managers, Funds, Banks, Brokers, Exchanges, Fintechs, Crypto projects (own 'institutional solutions' copy) |