BlockBeats News, July 24th, SBI Holdings-owned 90% crypto market maker B2C2 has been in acquisition talks with multiple potential buyers over the past 18 months.
The negotiations have been impacted by valuation discrepancies. B2C2 is seeking a transaction price of over $1 billion, a source said, which is challenging to achieve in the current crypto market environment.
These discussions come against the backdrop of industry consolidation in the digital asset space, with several companies seeking to expand their institutional presence through acquisitions and scale up. (CoinDesk)
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