Regulation
One Trading Gets Regulatory Approval for European Crypto Derivatives Trading
One Trading, a European cryptocurrency exchange, has been granted an Organized Trading Platform (OTF) license by the Dutch Financial Market Regulatory Authority, making it a MiFID II trading venue.
One Trading is now the only perpetual futures trading venue in the EU and the first cash-settled perpetual futures platform in Europe, including the UK, establishing One Trading as the first regulated derivatives exchange in Europe accessible to retail clients. The OTF license from the Netherlands Authority for the Financial Markets (AFM) is the first new license granted in the EU in three years.
Additionally, One Trading is relocalizing crypto derivatives as “traded on a trading venue” instruments.
Joshua Barraclough
Joshua Barraclough, founder and CEO of One Trading, said: “The company’s long-term vision is to enable all types of clients to go long or short on any asset, use any asset as collateral, settle everything instantly, and roll over contracts perpetually.
“With this license, we are well positioned to introduce new regulated products and offer institutional-grade solutions to all types of clients, starting with BTC and ETH products, where there is currently no EU-regulated onshore venue.”
One Trading claims to be the world’s first trading venue to offer real-time settlement (<1 minute tick level) of all derivative positions, 24/7 across all markets. One Trading’s technology integrates custody and settlement on distributed ledger technology (DLT), making it the first EU venue to allow the use of crypto-assets as collateral for trading in regulated financial instruments.
One Trading General Counsel Mario Hoessl-Neumann said: “It has been a great experience working closely with the Dutch regulators for much of this process and we appreciate their vision and foresight in bringing a new market structure for regulated derivatives trading to the EU. By launching a new form of financial instruments with purpose-built technology and seamlessly integrating DLT-based assets onto the One Trading platform, we are not only providing European clients with the first onshore alternative to unregulated exchanges.
“More fundamentally, we are complementing, and in some important ways replacing, traditional structures for how regulated derivatives like futures are traded. It has always been a core value for us to maintain equal capabilities for professional and retail clients, and it is fantastic to see that we are now the first in Europe to bring to life a trading venue that truly works for everyone.”
©Markets Media Europe 2024