B2C2

Institutional OTC and algorithmic execution

London, UK

SBI Holdings majority-owned

Offices in London, New York, Tokyo, Singapore

FCA, NYDFS BitLicense, Luxembourg VA

EU MiFID framework

24/7 OTC across spot, derivatives, and structured products

Launched Solana stablecoin settlement infrastructure

Binance Institutional

Exchange-affiliated institutional surface

Dubai, UAE

Largest crypto exchange by global volume

SAFU reserves above $1B

VARA Dubai licence

Multi-jurisdiction VASP footprint

OTC desk, broker program, custody integrations, and liquidity programs

Institutional surface assessed; retail exchange core excluded

Bitget

Exchange-affiliated institutional surface

Seychelles

120M+ users at parent level

Global exchange and…