B2Prime Expands with New Security License in Seychelles

Leading multi-asset Prime liquidity provider B2Prime has successfully acquired a security dealer license in the Seychelles as part of a strategic expansion of its global regulatory framework. Together with its current licenses in Cyprus and Mauritius, this is B2Prime's third such accreditation and is in line with its recent preliminary approval for a Dubai VARA crypto license.

The addition of the Seychelles license is part of B2Prime's broader strategy to solidify its presence in key financial hubs that host a dense concentration of brokerage firms. This is a very important step since it enables the business to improve its offerings and reach regulated market players in Europe and other countries.

Seychelles offers B2Prime a crucial platform and is becoming more and more acknowledged as a vital offshore hub for financial activities. The business will be permitted to carry out a number of financial operations with the new license, such as underwriting, subscription, purchase, and disposition of securities. It also facilitates the management of securities transactions and portfolio management on behalf of clients, which is critical in maintaining robust and compliant financial practices.

Eugenia Mykulyak, Founder and Executive Director of B2Prime, stressed the relevance of the Seychelles license in the company's expansion plan. “Establishing our operations in Seychelles not only enhances our Prime of Prime liquidity offerings but also elevates our service levels for local and international clients including brokers, hedge funds, money managers, and institutional clients,” said Mykulyak.

B2Prime offers a comprehensive portfolio of over 225 instruments across six asset classes, including Forex, Cryptos, Spot Indices, Precious Metals, Commodities, and NDFs, through a unified margin account. The firm is recognized for its vast liquidity pools, obtained from Tier-1 suppliers, which assure low pricing, narrow spreads, and ultra-fast execution for its customers. Advanced connection solutions such as oneZero, PXM, Centroid, T4B, FIX API, and cTrader, further underline B2Prime's dedication to operational efficiency and customer pleasure.

Recent financial disclosures from B2Prime's parent company, B2B Prime Services EU, underscore the firm‘s substantial growth and financial health. In the first quarter of 2024, the firm recorded a remarkable 40.32% gain in total assets in Cyprus, reaching €28,969,690.98, with client assets held for trade also experiencing a considerable increase of 47.6% to €26,840,460.11. Additionally, shareholders’ equity rose by 8%, with year-on-year growth in total assets and client assets held for trading at 68% and 64%, respectively. Especially, the increase in shareholders' equity was astounding—289%.

These impressive financial results demonstrate B2Prime's strong financial foundation and commitment to growth and dependability in the fiercely competitive financial services sector. Additionally anticipated to confirm the company's reliable and credible position in providing services to clients worldwide is the upcoming financial report for B2Prime Mauritius.

B2Prime is in a strong financial position to take advantage of fresh prospects and keep offering its international clients top-notch financial services thanks to its diversified licensing portfolio.