One Trading Secures License to Offer Derivatives Trading Services
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One Trading, a Europe-based digital asset exchange, successfully acquired an Organized Trading Facility (OTF) license from the Dutch regulatory authority. By achieving this milestone, the platform became the first authorized perpetual futures trading platform in the European Union.
Crypto exchange will now offer its users in the United Kingdom and Europe a seamless trading experience of multiple financial products. The platform now allows retail and institutional traders to access derivative trading services, including leveraged trading.
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One Trading Becomes First Exchange to Win OTF License in Europe
On July 29, the exchange announced that the Dutch Financial Market Authority (FMA) granted it an OTF license after it adhered to the laws of the Dutch Central Bank.
The approved license features One Trading as the only platform compliant with the standards set by Market in Financial Instrument Directive II (MiFID ll). The exchange becomes the only venue for future trading in the European Union since it is the first OTF license granted in the last three years.
Similarly, crypto users can now enjoy derivative trading of cryone pto assets like BTC and Ether under EU laws. Traders will also have access to several other services. It includes asset custody, product creation, and real-time settlements in crypto, which the company aims to introduce soon.
The Founder and CEO of the One Trading, Joshua Barraclough, stated:
We are thrilled to have achieved this milestone, which represents the culmination of years of hard work and innovation. The long-term vision of the company is 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.
He added that the team worked effortlessly to develop a platform utterly compliant with the regulatory standards set by legal authorities. With this approval, the exchange can now offer regulated institutional-grade solutions to its customers. Joshua continued that it’s just an initial step in redefining the digital asset industry and modifying traditional security trading.
Advanced Derivatives Trading Service
Furthermore, the exchange plans to implement real-time settlements of derivative positions via Distributed Ledger Technology (DLT). This feature enables settlement of the position in an interval of less than one second across all trading pairs.
Established in 2019, the company was previously known as Bitpanda Pro. The digital asset exchange was rebranded after successfully raising 30 million euros in a series A funding round last year. After that, the exchange operated as an independent company led by Peter Theil, the Co-founder of Paypal.
The exchange’s win in achieving a regulatory license reflects its unwavering commitment to the highest legal standards set by financial watchdogs. The majority of exchanges failed to get an OTF license from FMA. Nevertheless, the exchange has set its all to offer an innovative approach to crypto trading alongside trusted leadership and expertise. These advancements pave the way for shaping the future of cryptocurrencies across the globe.
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