One Trading, a crypto exchange platform incubated by Bitpanda, has recently been granted an Organized Trading Facility license by the Dutch financial regulator. This license allows One Trading to bring crypto futures trading onshore in the European Union, making it the only perpetual futures trading venue in the EU. The platform’s founder, Joshua Barraclough, stated that the license is part of their mission to provide a platform where customers can go long or short on any asset, use any asset as collateral, settle transactions instantly, and perpetually roll contracts.
One Trading emerged as an independent entity from Bitpanda Pro, a unit of the Austrian exchange that caters to institutional crypto traders. The exchange recently raised €30 million in a Series A round led by Peter Thiel’s Valar Venture, along with other investors such as MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. In addition to the Organized Trading Facility license, One Trading also holds a virtual asset service provider license from the Dutch regulator.
With the new license, One Trading is now well-positioned to introduce new regulated products and offer institutional-grade solutions to all customer types. They plan to start with Bitcoin (BTC) and Ethereum (ETH) products, as there is currently no onshore EU regulated venue for these assets. This move signals One Trading’s commitment to provide a secure and regulated trading environment for its customers.
The Organized Trading Facility license obtained by One Trading also positions the Netherlands-headquartered exchange as the first cash-settled perpetuals platform in Europe, including the UK. This is a significant milestone for the platform, as it opens up new opportunities for traders looking to engage in perpetual futures trading within the EU. By obtaining this license, One Trading is able to offer a wide range of trading options while ensuring compliance with regulatory requirements.
Overall, the acquisition of the Organized Trading Facility license by One Trading is a significant development for the platform and the crypto industry as a whole. By bringing crypto futures trading onshore in the EU, One Trading is able to offer a secure and regulated environment for traders to access a variety of trading options. With their commitment to introducing new regulated products and offering institutional-grade solutions, One Trading is poised to become a key player in the European crypto trading market.
