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One Trading, previously referred to as Bitpanda Pro, has announced that it has obtained an organized trading facility (OTF) license from the Dutch Authority for the Financial Markets (AFM).
This license designates One Trading as a Markets in Financial Instruments Directive II (MiFID II) trading venue, enabling the company to engage in trading digital assets and derivatives.
First Cash-Settled Perpetuals Platform in Europe
The OTF license provides One Trading with several essential capabilities. It also permits the firm to function as a perpetual futures trading venue within the EU. The company asserts that it is the first cash-settled perpetuals platform in Europe, including the UK.
This authorization positions One Trading as the first regulated derivatives exchange in Europe accessible to retail clients. This development marks a notable change in the crypto and derivatives trading landscape across Europe.
With this newly acquired license, One Trading aims to transform the derivatives trading sector by bringing crypto futures onshore within the EU.
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The firm’s strategy involves onshoring crypto derivatives as “traded on a trading venue” instruments, which promise enhanced regulatory oversight and improved customer protection.
One Trading stated that its offerings are designed as a “modern alternative” to conventional futures products available from exchanges like the CME or Eurex.
According to the exchange, these new products will be more straightforward and capital-efficient compared to traditionally cleared derivatives such as dated futures.
“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,” remarked Joshua Barraclough, founder and CEO of One Trading.
One Trading to Launch New ‘Regulated’ Products
Barraclough, a former executive at JPMorgan, indicated that with this license, One Trading is well-equipped to introduce new regulated products and provide institutional-grade solutions to all customer segments, beginning with BTC and ETH offerings.
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