B2C2 seeks a valuation of over $1 billion and has held acquisition talks with several potential buyers over the past 18 months.

According to Odaily, B2C2, a crypto market maker 90% owned by SBI Holdings, has engaged in acquisition talks with multiple potential buyers over the past 18 months.

The negotiations have been affected by valuation disagreements. B2C2 is seeking a deal price exceeding 1 billion US dollars. One source familiar with the matter stated that this price is difficult to achieve in the current crypto market environment.

The relevant negotiations occurred amid consolidation in the digital asset industry, as several companies are expanding institutional business and scaling up through acquisitions.