Multi-asset liquidity provider Prime of Prime B2Prime has announced that it has achieved another major regulatory milestone with the acquisition of a securities dealer license in the Seychelles. This marks the third license for B2Prime, following those in Cyprus and Mauritius. B2Prime also recently received initial approval for a VARA crypto license in Dubai.
The company said these jurisdictions act as key hubs with a high concentration of brokers and B2Prime is committed to serving regulated market participants not only in these locations but across Europe. This latest license underscores B2Prime’s commitment to providing reliable and compliant services to its global customer base.
Recognized as a critical offshore hub for brokers, Seychelles provides B2Prime with a strategic platform to distribute liquidity locally to all regulated companies.
The newly acquired securities dealer license allows B2Prime Group to engage in critical financial activities, such as negotiating and entering into agreements for the acquisition, disposal, registration or underwriting of securities. In addition, it enables the management of securities transactions, sales management and the management of securities portfolios on behalf of clients.
B2Prime offers over 225 instruments across six asset classes on CFDs, including Forex, Cryptos, Spot Indices, Precious Metals, Commodities and NDFs, all through a margin account. B2Prime clients benefit from large pools of liquidity sourced from Tier-1 providers, which ensure limited spreads and ultra-fast execution. Connectivity options including oneZero, PXM, Centroid, T4B, FIX API and cTrader further facilitate seamless integration and efficiency.
Eugenia Mykulyak, Founder & CEO of B2Prime said:
“Establishing our operations in Seychelles opens doors to Prime of Prime liquidity and enhanced service levels for local brokers, hedge funds, money managers, institutional clients and liquidity providers. This step forward is perfectly aligned with our goal of providing world-class financial services and enables us to offer even greater reliability and seize new opportunities in global markets.”
B2Prime recently announced the financial results of its parent company, B2B Prime Services EU, which highlight strong economic growth in the first quarter of 2024. Total assets in Cyprus increased to €28,969,690.98, an increase of 40.32% from the previous year. Client assets for trading also increased by 47.6% to €26,840,460.11.
Over the same period, equity increased by 8%, with year-over-year comparisons showing a 68% increase in total assets and a 64% increase in customer assets held for trading. In particular, equity increased by 289%. Regulatory Capital Adequacy also improved dramatically, with B2Prime’s equity jumping by almost 600% from €503,000 to €2,728,000, well above regulatory minimums with CET1 and Tier 1 ratios well above the required standards.
The company said these figures underscore a strong balance sheet and demonstrate B2Prime’s continued commitment to growth and reliability. Soon, the company will also unveil the financial report for B2Prime Mauritius, which will further validate its position as a trusted and reliable service provider to clients worldwide.