One Trading, formerly known as Bitpanda Pro and based in the Netherlands, has obtained an Organized Trading Facility license from the Dutch Financial Markets Authority (AFM). This milestone enables the exchange to introduce innovative financial products across Europe, including onshore crypto futures trading.
With this license, One Trading becomes the sole platform offering perpetual futures trading in the European Union and the first to provide cash-settled perpetual in Europe, including the UK. Notably, it is also the first regulated derivatives exchange in Europe accessible to retail clients.
CEO Joshua Barraclough highlighted the company’s vision, emphasizing their goal to allow all customer types to trade long or short on any asset, utilize assets as collateral, and settle transactions instantly and perpetually.
Barraclough expressed confidence in introducing new regulated products, saying, “The long-term vision of the company is to enable all customer types to go long or short on any asset, use any asset as collateral, settle everything instantly, and perpetually roll contracts.”
Utilizing distributed ledger technology, Peter Thiel-backed One Trading, conducts derivatives trades around the clock in real-time without external clearing, a pioneering approach in the region. Moreover, it was the first EU platform to enable crypto assets as collateral for trading regulated financial instruments.
One Trading evolved after its spin-off from Bitpanda in June 2023, raising €30 million ($32.5 million) in a Series A funding round led by Valar Ventures. PayPal co-founder Peter Thiel’s Valar Ventures also backs other prominent crypto ventures, highlighting Thiel’s sector influence.
One Trading’s AFM license marks a significant step in expanding crypto trading in Europe, positioning the platform as a pioneer in regulated derivatives. This move enhances market accessibility and innovation, benefiting both retail and institutional clients.
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