One Trading has become the first regulated crypto derivatives exchange in the European Union

The company was granted an Organized Trading Facility license by the Dutch regulator

30.07.2024 - 15:00

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Last updated on Aug 6, 2024

What’s new? Dutch crypto exchange One Trading, formerly known as Bitpanda Pro, has received a license from the local Authority for the Financial Markets (AFM), allowing it to operate as a regulated digital asset derivatives trading platform in Europe.

Press release

What else is known? With this license, One Trading becomes the only platform for trading open-ended futures in the European Union and the first open-ended cash settlement platform in Europe, according to a press release.

Officials also confirmed that One Trading has become the first company in the local market with an Organized Trading Facility (OTF) license. This document defines the company as a trading venue under the European Union’s Markets in Financial Instruments Directive (MIFID) II.

One Trading founder and CEO Joshua Barraclough said the company is well-positioned to introduce new regulated products and institutional-level solutions for all types of clients, including BTC and ETH-related products.

“This is just the beginning of our journey to redefine the landscape of digital asset and traditional security trading,” the businessman concluded.

Germany’s largest bank to launch custodial service in conjunction with crypto exchange Bitpanda

The launch is expected in the second half of this year

Earlier, the head of the USDC stablecoin issuer Circle expressed concern about the new European Union’s Markets in Crypto-Assets (MiCA) regulation. According to Jeremy Allaire, the new regulations governing stablecoin reserves carry banking risk.

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