With the new license, One Trading becomes the only perpetual futures trading venue in the European Union and the first cash-settled perpetual contracts platform in Europe, according to a company press release.
- Cryptocurrency firm One Trading Exchange has received regulatory approval from the Netherlands Authority for the Financial Markets to operate as a regulated derivatives exchange.
- The license makes One Trading one of the first cryptocurrency firms able to offer perpetual futures trading in Europe, the company said in a press release.
Netherlands-based One Trading has received an Organised Trading Facility (OTF) license from the Netherlands Authority for the Financial Markets (AFM), enabling the company to operate as a regulated crypto derivatives exchange in Europe.
The digital asset exchange, formerly known as Bitpanda Pro, said its new license establishes One Trading as a Markets in Financial Instruments Directive (MIFID) II trading venue, a set of regulations in the European Union that regulate trading venues.
With this license, One Trading becomes the only perpetual futures trading venue in the European Union and the first cash-settled perpetual contracts platform in Europe, the company’s press release on Monday said.
“We can confirm that One Trading has been awarded an OTF license… They are indeed the first cryptocurrency company in the Netherlands to receive such a license,” the AFM said in a statement.
“We are well positioned to launch new regulated products and provide institutional-grade solutions to all types of clients, starting with BTC and ETH products that currently have no onshore EU regulated venue,” said Joshua Barraclough, founder and CEO of One Trading, in the press release. “This is just the beginning of our journey to redefine the trading landscape for digital assets and traditional securities.”