Revolutionizing Crypto Trading in Europe with OTF License
One Trading, previously known as Bitpanda Pro, has recently obtained an organized trading facility (OTF) license from the Dutch Authority for the Financial Markets (AFM). This license now positions One Trading as a trading venue under the Markets in Financial Instruments Directive II (MiFID II), enabling the firm to trade digital assets and derivatives.
First Cash-Settled Perpetuals Platform in Europe 🚀
One Trading’s OTF license comes with significant advantages, including the ability to operate as a perpetual futures trading venue in the European Union. Interestingly, One Trading proudly declares itself as the pioneering cash-settled perpetuals platform in Europe, encompassing the UK as well.
- This approval marks One Trading as the first regulated derivatives exchange in Europe accessible to retail clients.
- It signifies a substantial shift in the landscape of crypto and derivatives trading within Europe.
A Shift Towards Revolutionary Derivatives Trading
One Trading’s new license sets the stage for a groundbreaking approach to derivatives trading by bringing crypto futures onshore within the EU. The firm’s strategy involves positioning crypto derivatives as “traded on a trading venue” instruments, promising enhanced regulatory oversight and customer protection.
- One Trading aims to provide a “modern alternative” to traditional futures products typically offered by venues like the CME Group or Eurex.
- The innovative products by One Trading will be simpler and more capital-efficient compared to conventionally cleared derivatives like dated futures.
Empowering Customers with Versatile Trading Options
Joshua Barraclough, the founder and CEO of One Trading and a former JPMorgan executive, envisions a future where customers of all types can easily engage in long or short positions on any asset. The company plans to allow the use of any asset as collateral, facilitate instant settlements, and perpetually roll contracts.
One Trading’s Expansion into ‘Regulated’ Products
Barraclough emphasizes that with the newly acquired license, One Trading is strategically poised to introduce a range of regulated products and provide institutional-grade solutions to various customer segments. The initial focus will be on offerings related to Bitcoin and other leading cryptocurrencies.
Hot Take: The Future of Crypto Trading in Europe is Evolving
As One Trading embarks on its journey as a regulated derivatives exchange in Europe, the landscape of crypto trading is witnessing a significant transformation. With a commitment to innovation, customer empowerment, and regulatory compliance, One Trading is set to redefine the standards for crypto futures trading in the region.
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