Japanese investing giant SBI is buying a minority stake in cryptocurrency market maker B2C2 for $30 million. Both firms announced a partnership where SBI will use B2C2’s liquidity to support clients trading crypto, and B2C2 will use SBI’s resources to launch a full prime brokerage.
Europe’s third-largest exchange, the Deutsche Boerse, has listed a bitcoin exchange-traded product (ETP). ETPs provide investors with exposure to the underlying asset, in this case without them having to manage private keys.
Compound’s community has voted to change the rules behind the distribution of COMP tokens, to move liquidity away from more riskier assets and into safer, more in-demand assets like stablecoins.
Top stories in the Crypto Roundup today:
- Japanese Investing Giant SBI Buys Minority Stake in Crypto Market Maker B2C2
- Europe’s Third-Largest Exchange Lists Bitcoin ETP
- Compound Community Votes to Change COMP Distribution Rules
At the time of writing, bitcoin (BTC) is trading at $9,149.36 (0.19%) with a daily Top Tier volume of $2.15 bn. As for ether (ETH), it is trading at $226.41 (0.16%) with a daily Top Tier volume of $552.43 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,973.90 (-0.18%).