Bitpanda Pros €30 million raise as Josh Barraclough leads spin-out

By Lola Coin Jun 28, 202376Views

, ,

Bitpanda Pro, a unit of Austrian crypto firm Bitpanda, has become a separate entity called One Trading, led by former JPMorgan executive Josh Barraclough. One Trading has raised €30 million in a Series A funding round, with Valar Ventures leading the investment. Bitpanda will retain a stake in the new company. One Trading plans to launch “the fastest and most scalable exchange” in the crypto sector, aiming to become a utility for large liquidity providers. The company also intends to offer regulated, institutional-grade platforms with unique product options. Bitpanda faced challenges in the bear market, cutting a quarter of its staff in June 2022. One Trading aims to operate as a MiFID Trading Venue and has a VASP license, allowing it to offer capital-efficient spot and derivative products.

Continue reading on Theblock.co

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.