Regulation
One Trading Receives Regulatory Approval from Dutch Regulator to Offer Crypto Derivatives Trading in Europe
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Cryptocurrency firm One Trading Exchange has received regulatory approval from the Netherlands Financial Market Authority to operate as a regulated derivatives exchange.
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The license makes One Trading one of the first cryptocurrency firms to offer perpetual futures trading in Europe, the press release states.
Netherlands-based One Trading has been granted an Organized Trading Facility (OTF) license by the Netherlands Authority for the Financial Markets (AFM), allowing 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. MIFID II is the European Union’s set of regulations that capture the places of negotiation.
With this license, One Trading becomes the only perpetual futures trading venue in the European Union and the first cash-settled perpetual futures platform in Europe, a company press release said Monday.
In a statement, AFM said: “We can confirm that One Trading has been granted an OTF license… They are the first cryptocurrency company to be granted this type of license in the Netherlands.”
“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 regulated EU onshore 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 landscape of digital asset and traditional securities trading.”
UPDATE (July 29, 2024, 16:12 UTC): Adds AFM statement.