It has been confirmed that B2Broker, a leading technology and liquidity provider in the Forex/CFDs and Digital Currency industries, has expanded its global reach by establishing a presence in the heavily regulated EU Forex/CFDs market through B2Prime, a Cyprus-based Financial Institution authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). B2Prime is a wholly-owned subsidiary of B2Broker.
In light of the fact that B2Prime has met the legal requirements for the necessary ownership changes, B2Broker has acquired a stake in B2Prime. Arthur Azizov, the founder of the B2Broker Group of Companies, and Evgeniya Mykulyak, the co-founder of the B2Broker Group of Companies, will serve as the company’s new owners.
Nick Chrysochos has been appointed as the new CEO of B2Prime. In taking this move, the company underlines its commitment to provide investment-related services on a global scale via a Liquidity Provider that has been licensed by one of the most respected and recognized Financial Market Supervisory Authorities in the world.
Table of Contents
About B2Prime
B2Prime is a globally regulated Prime of Prime (PoP) Multi-Asset Liquidity Provider that serves institutional and professional clients throughout the financial markets. Its core investment products are leveraged derivatives in the form of contracts for difference (CFDs) for FX, metals, commodities, shares, indices, and cryptocurrencies.
Companies Belonging to the B2Broker Group
The group of companies under the B2Broker brand is recognized across the globe as one of the most in-demand technology and liquidity providers for FX and cryptocurrency brokers, crypto exchanges, and other financial sector enterprises. Among the services offered by the company are cryptocurrency, Forex, and CFD liquidity, cryptocurrency and FX broker turnkey solutions (B2BinPay), MT4 and MT5 white label solutions, B2Core (Trader’s Room), B2Trader (Matching Engine), and liquidity on more than 800 trading instruments across the entire asset spectrum.
Based in Moscow, B2Broker has many years of operational expertise and has 10 offices in eight countries, encompassing Russia and the rest of the world, as well as Asia and the Middle East. In total, B2Broker has seven licenses under its belt, including those from the Financial Conduct Authority (FCA), the Association of European Markets (AEMI), and the Central Bank of Russia. B2Broker serves customers in over 50 countries, providing liquidity distribution as well as a variety of additional services to the FX, cryptocurrency, and securities industries. It has built up a large customer base of well-known international companies in the financial services industry, with the objective of increasing the company’s global presence and exposure in the coming years.
What It Means for Customers in the Wake of the News
CySEC is Cyprus’ financial regulator, and it is responsible for establishing the rules and regulations that must be followed by the country’s regulated financial services enterprises. As a CySEC-regulated broker, B2Prime is required to adhere to the strictest financial market regulatory standards, such as capital adequacy requirements, client money segregation, and corporate transparency requirements, among others.
According to EU MiFID II regulatory standards, clients residing in the European Union, the United Kingdom, and a number of other third-country jurisdictions may now be safely onboarded. B2Broker has obtained an EU financial services brokerage license, allowing the organization to expand its presence in the European Union and provide customers with the opportunity to experience the organization’s comprehensive product and service offerings, while also putting the organization on a faster track to global expansion.
“We are delighted that B2Prime has been approved by the Cyprus Securities and Exchange Commission,” stated Arthur Azizov, CEO of the B2Broker Group of Companies. As a result of this license, we will be able to provide institutional-grade liquidity to clients in more than 30 countries. In the meantime, customers will benefit from improved security as a result of the fact that they will be supported by a world-leading, multi-regulated technology and liquidity provider. Following our clearance by the Cyprus Securities and Exchange Commission to provide investment liquidity services, we expect to be able to position ourselves as one of the strongest and most reputable firms in this industry, allowing consumers to feel secure when transacting with us.
A statement from Evgeniya Mykulyak, co-founder of B2Broker Group and a majority shareholder in the company B2Prime, stated, “My ambition is to make B2Prime one of the most stable and dependable financial services organizations in the Forex arena, with a high level of service supply being our primary focus.” Taking advantage of the many new opportunities that Europe has to offer, as well as welcoming new clients, is something I’m looking forward to. Our efforts will include the introduction of new trading platforms to facilitate connection, as well as the continual growth of our Prime of Prime liquidity solutions, among other things. We have already signed agreements with major Prime Brokers and are in the process of putting in place a solid liquidity provision network in the European market, among other things. Aside from that, we want to become a prominent participant in the financial services industry by joining as many exchanges as we possibly can.”
The company’s CEO, Nick Chrysochos, stated, “With Arthur Azizov’s extensive experience and solid credentials in the Forex and cryptocurrency spaces, and Evgeniya Mykulyak’s deep industry knowledge and clear vision for the company, we will be able to provide advanced, cutting-edge technology so that our clients can trade with the confidence of knowing that their trading activities are managed by a reputable firm that adheres to the most stringent regulatory standards of CySEC.”
The Final Say
B2Prime has already begun accepting new customers and can connect brokers via the OneZero, MT5, and PrimeXM platforms to enable trading on 115 Forex pairs, including 22 Crypto CFD pairings, Spot Metals, Indices, and Spot Energies. B2Prime also offers trading on 115 Forex pairs, including 22 Crypto CFD pairings, Spot Metals, Indices, and Spot Energies.
The company’s overall plan to establish a presence in all major countries, with the ultimate goal of becoming a global liquidity provider, includes acquisition of the latest license. The continued success and development of the company in Cyprus, where it will continue to provide some of the best liquidity and trading services in the business, is also evidence of the company’s continued success and expansion.
