One Trading, a digital asset exchange based in the Netherlands, has received an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority (AFM). This license enables the exchange to launch several new financial products in Europe, including onshore crypto futures trading.

With this development, One Trading will become the sole perpetual futures trading platform in the European Union and the first cash-settled perpetuals platform in Europe, including the United Kingdom. Additionally, it will be the first regulated European derivatives exchange accessible to retail clients.

Enhancing TradFi Services with Blockchain Technology

Onshoring trading involves bringing it under local regulation. One Trading CEO Joshua Barraclough stated:

“Our long-term vision is to allow all customer types to go long or short on any asset, use any asset as collateral, settle everything instantly, and perpetually roll contracts.” “With this license, we are well-positioned to introduce new regulated products and offer institutional-grade solutions to all customer types, starting with BTC and ETH products where no onshore EU regulated venue currently exists,” he added.

Utilizing distributed ledger technology, One Trading facilitates real-time derivatives trades around the clock without external clearing. It was also the first EU platform to allow the use of crypto assets as collateral for trading regulated financial instruments.

Peter Thiel’s Influence

Previously known as Bitpanda Pro, One Trading was established by Austria-based Bitpanda in 2019. It was spun off in June 2023 after raising 30 million euros ($32.5 million) in a Series A funding round led by Valar Ventures.

Valar Ventures, co-founded by PayPal co-founder Peter Thiel, has supported Bitpanda through three funding rounds. Thiel has also backed other crypto enterprises such as the Vauld exchange, BitDAO (now known as Mantle), and Praxis, which aims to build a cryptocurrency-run city in the Mediterranean. Praxis currently has 2,228 citizens and 146 registered companies.

In January, Bitpanda launched Bitpanda Wealth, catering to European institutions and high-net-worth individuals.

Source: Cointelegraph