Crypto trade One Buying and selling has been granted an Organized Buying and selling Facility license by the Dutch monetary regulator to deliver crypto futures onshore within the European Union.
One Buying and selling, a crypto buying and selling platform incubated by Bitpanda, has secured a license from the Dutch Monetary Markets Authority, changing into the one perpetual futures buying and selling venue within the European Union, the corporate mentioned in a Monday press launch.
The so-called Organized Buying and selling Facility license positions the Netherlands-headquartered crypto trade as the primary cash-settled perpetuals platform in Europe, together with the U.Okay., the press launch reads. One Buying and selling founder Joshua Barraclough says the license is a part of the corporate’s mission to allow all buyer sorts “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 E.U. regulated venue currently exists.”
Joshua Barraclough
One Buying and selling emerged as an impartial entity from Bitpanda Professional, a unit of the Austrian trade catering to institutional crypto merchants. In 2023, the trade raised €30 million in a Sequence A spherical led by Peter Thiel’s Valar Enterprise with participation from different buyers, together with MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Along with the OTF license, One Buying and selling holds a digital asset service supplier license from the Dutch regulator.