B2C2, a London-based crypto market maker that was recently acquired by Japanese financial giant SBI Financial Services, has just announced it plans to launch new options and lending products, the company has announced via its official Twitter account.
These new products will reportedly not be launched until mid-year.
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The company currently offers cash trading against a number of cryptocurrencies, however, it has decided to roll out these options and lending products in order to meet the demand of its clients, who want "more sophisticated hedging instruments."
In order to work on the development of these new instruments, the company has hired Brad Nagela, a veteran of Citi, Bank of America and Societe Generale.
The company is currently one of the leading liquidity providers in the spot crypto markets.
The company is optimistic about the launch of its new products. In particular, Brad Nagela has said:
"We think we’re going to be a position right away to provide liquidity to some of the larger institutions."