Crypto market maker B2C2 is actively seeking a sale, with a $1 billion valuation seen as a key hurdle.

July 24th, SBI Holdings' 90%-owned crypto market maker B2C2 has been in acquisition negotiations with several potential acquirers over the past 18 months.

The negotiations have been affected by valuation disagreements. B2C2 is seeking a transaction price of over $1 billion, a source said, which is seen as challenging in the current crypto market environment.

The negotiations took place against the backdrop of industry consolidation in the digital asset space, with several companies seeking to expand their institutional business and scale through acquisitions. (CoinDesk)