Woofun AI reports that B2C2, a crypto market maker with a 90% stake held by SBI Holdings, has engaged in acquisition discussions with several potential buyers during the last 18 months. The negotiations face challenges stemming from valuation discrepancies, as B2C2 targets a transaction value exceeding $1 billion, a figure sources describe as difficult to secure in the present crypto environment. These discussions occur amidst broader industry consolidation, where firms aim to expand institutional operations and scale through strategic acquisitions.