As a seasoned financial analyst with extensive experience in the European crypto market, I am thrilled to witness One Trading’s momentous achievement of securing an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority (AFM). This milestone marks a significant turning point for the exchange, enabling it to introduce innovative financial products across Europe and lead the way in onshore crypto futures trading.
OneTrading, previously identified as Bitpanda Pro and headquartered in the Netherlands, has secured an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority (AFM). With this achievement, the exchange can now introduce groundbreaking financial products throughout Europe, including on-exchange crypto futures trading.
As a market analyst, I’d put it this way: With the acquisition of this license, One Trading stands alone as the go-to platform for perpetual futures trading in the European Union. We’re pioneering cash-settled perpetuals in Europe, including the UK, marking a significant first. Furthermore, we’re the first regulated derivatives exchange in Europe open to retail clients.
In his address, CEO Joshua Barraclough underscored the company’s ambitious objective: to empower all customers by enabling them to engage in both long and short trades across various assets, leverage those assets as collateral, and execute instant, continuous transactions.
Barraclough exuded optimism about introducing fresh regulated offerings, stating, “Our ultimate goal as a business is to empower all types of clients to take long or short positions on any asset, employ any asset as collateral, complete transactions instantaneously, and continuously extend contracts.”
1. By employing distributed ledger technology, One Trading executes round-the-clock derivatives trades instantaneously, marking a groundbreaking departure from traditional clearing methods in the region. Additionally, it was the first EU platform to facilitate crypto assets as collateral for trading regulated financial instruments, setting a new standard.
One Trading emerged as a separate entity following its split from Bitpanda in June 2023, securing €30 million ($32.5 million) in their Series A financing. Valar Ventures, which is led by PayPal co-founder Peter Thiel, headed this investment round. Thiel’s involvement in crypto ventures through Valar Ventures underscores his significant impact within the sector.
1. Obtaining One Trading’s AFM license symbolizes a substantial advancement in facilitating cryptocurrency trading across Europe, establishing the platform as an innovative leader in regulated derivatives. This strategic decision improves market reach and fosters innovation, ultimately advantageous for both individual and institutional investors.
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2024-07-30 08:22