One Trading Secures Regulatory Approval From Dutch Regulator to Offer Crypto Derivatives Trading in Europe

Cryptocurrency exchange One Trading has received regulatory approval from the Dutch Financial Markets Authority to operate as a regulated derivatives exchange.

With this license, One Trading becomes one of the first crypto companies in Europe to offer perpetual futures trading, the press release stated.

Netherlands-based One Trading has received an Organized Trading Facility (OTF) license from the Dutch Authority for the Financial Markets (AFM), which allows 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 a set of European Union regulations covering trading venues.

With this license, One Trading becomes the only perpetual futures platform in the European Union and the first cash-settled perpetual trading platform in Europe, the company said in a press release on Monday.

“We can confirm that One Trading has been granted an OTF license… They are the first crypto company to receive such a license in the Netherlands,” the AFM said in a statement.

“We are well positioned to deliver new regulated products and institutional-grade solutions to all client types, starting with BTC and ETH products that currently have no regulated presence in the EU,” Joshua Barraclough, founder and CEO of One Trading, said in a 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): Added AFM statement.