Read

Crypto exchange One Trading has been granted an Organized Trading Facility license by the Dutch financial regulator to bring crypto futures onshore in the European Union. 
One Trading, a crypto trading platform incubated by Bitpanda, has secured a license from the Dutch Financial Markets Authority, becoming the only perpetual futures trading venue in the <a href="https://crypto.news/tag/european-union/" target="_blank" rel="noreferrer noopener">European Union</a>, the company said in a Monday <a href="http://www.businesswire.com/news/home/20240729953947/en/?data=234crypto324news23534" target="_blank" rel="">press release</a>. 
The so-called Organized Trading Facility license positions the <a href="https://crypto.news/tag/netherlands/" target="_blank" rel="noreferrer noopener">Netherlands</a>-headquartered crypto exchange as the first cash-settled perpetuals platform in Europe, including the U.K., the press release reads. One Trading founder Joshua Barraclough says the license is part of the company’s mission to enable all customer types “to go long or short on any asset, use any asset as collateral, settle everything instantly, and perpetually roll contracts.” 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “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 E.U. regulated venue currently exists.” 
 Joshua Barraclough 
</blockquote> 
One Trading emerged as an independent entity from Bitpanda Pro, a unit of the Austrian exchange catering to institutional crypto traders. In 2023, the exchange <a href="https://crypto.news/bitpanda-pro-becomes-one-trading-raises-e30m/" target="_blank" rel="noreferrer noopener">raised</a> €30 million in a Series A round led by Peter Thiel’s Valar Venture with participation from other investors, including MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. In addition to the OTF license, One Trading also holds a virtual asset service provider license from the Italian regulator. 
 Read more: <a href="https://crypto.news/bitpanda-pro-becomes-one-trading-raises-e30m/"> Bitpanda Pro becomes One Trading, raises €30m </a>

Thiel-backed One Trading secures license from Dutch regulator for perpetual futures

crypto.news

دیگر آرٹیکلز 29 جولائی، 2024 پر پبلش کیے گئے ہیں

Bitcoin Miners Increase Holdings Significantly

Santiment Revealed: Do They Expect A Rise Or Fall In The Bitcoin Market From Now On?

Shiba Inu and Pepe Spark $12 Billion Meme Coin Revival – Are You Ready to Invest?

Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin

Top Meme Coin Presale: Bitcoin Cash Jumps on Positive Sentiment, Targets $400

How Blockchain and Smart Contracts can Revolutionize Procurements

Join our free newsletter for daily crypto updates!