-
Crypto
firm
One
Trading
exchange
secured
a
regulatory
approval
from
the
Dutch
Authority
for
the
Financial
Markets
to
operate
as
a
regulated
derivatives
exchange. -
The
license
makes
One
Trading
one
of
the
first
crypto
companies
to
be
in
a
position
to
offer
perpetual
futures
trading
in
Europe,
it
said
in
the
press
release.
Netherlands-based
One
Trading
has
secured
an
Organized
Trading
Facility
(OTF)
license
from
the
Dutch
Authority
for
the
Financial
Markets
(AFM),
enabling
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
are
the
European
Union’s
set
of
regulations
that
capture
trading
venues.
With
this
license,
One
Trading
becomes
the
only
perpetual
futures
trading
venue
in
the
European
Union
and
the
first
cash-settled
perpetuals
platform
in
Europe,
a
company
press
release
said
on
Monday.
In
a
statement,
AFM
said,
“We
can
confirm
that
One
Trading
has
been
granted
an
OTF
license
…
They
are
indeed
the
first
crypto
company
to
have
been
granted
this
type
of
license
in
the
Netherlands.”
“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
EU
regulated
venue
currently
exists,”
Joshua
Barraclough,
founder
and
CEO
of
One
Trading
said
in
the
press
release.
“This
is
just
the
beginning
of
our
journey
to
redefine
the
landscape
of
digital
asset
and
traditional
security
trading.”
UPDATE
(July
29,
2024,
16:12
UTC):
Adds
AFM
statement.