Netherlands-based digital asset exchange, One Trading, has been granted an Organized Trading Facility license by the Dutch Financial Markets Authority (AFM) on 29 July 2024.
Now the company can introduce a range of innovative financial products to the European market, notably onshore crypto futures trading.
Commenting on the development, Joshua Barraclough, founder and CEO of One Trading, said, “With this licence, we are well positioned to introduce new regulated products and offer institutional-grade solutions to all customer types starting with BTC and ETH products where no onshore EU regulated venue currently exists.”
One Trading secures landmark regulatory approval for European crypto derivatives trading.
Read the full press release here:https://t.co/bk9c5Sua7d#OneTrading #crypto #derivatives #regulation pic.twitter.com/4EshrzuXS1
— One Trading (@OneTradingEU) July 29, 2024
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EU’s Sole Perpetual Futures Trading Platform
With its newly acquired license, One Trading will become the EU’s sole perpetual futures trading platform. It will also be the first cash-settled perpetuals platform in Europe, including the UK.
“One Trading’s technology seamlessly integrates custody and settlement on DLT, making it the first EU venue to allow the use of crypto-assets as collateral for trading regulated financial instruments,” the company said.
With the license, the company will be the first regulated European derivatives exchange accessible to retail clients.
Furthermore, the Milan-headquartered company’s acquisition of the AFM license marks a significant milestone in the evolution of the European cryptocurrency market.
“This is just the beginning of our journey to redefine the landscape of digital asset and traditional security trading,” Barraclough added.
By offering onshore crypto futures trading, the company will play a pivotal role in shaping the future of crypto derivatives in Europe.
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One Trading’s Bitpanda Pro Connection
One Trading’s roots can be traced back to Bitpanda Pro, established in 2019 by cryptocurrency platform Bitpanda.
In June 2023, the company was spun off following a successful Series A funding round that raised $32.5 million.
This round was led by Valar Ventures, a firm co-founded by PayPal co-founder and tech investor Peter Thiel.
Thiel is also associated with Praxis, a project to build a cryptocurrency-driven city in the Mediterranean region
Valar Ventures has backed Bitpanda in three funding rounds.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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