Crypto market maker B2C2 seeks sale at valuation above $1B

Crypto market maker B2C2, 90% owned by Japan’s financial group SBI Holdings, has held sale talks with multiple potential buyers over the past 18 months, CoinDesk reported. A key sticking point in the negotiations was valuation. B2C2 is seeking a valuation of more than $1 billion, but some market participants said current crypto market conditions could make it difficult to complete a deal on those terms. The talks focused on a sale of part or all of the company, though it was unclear whether discussions were still ongoing.