One Trading, a European crypto-asset exchange, has been granted an Organised Trading Facility (OTF) Licence by the Dutch financial market regulator, establishing One Trading as a MiFID II trading venue.
One Trading is now the only perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK, and establishes One Trading as the first regulated derivatives exchange in Europe accessible to retail clients. The OTF licence from The Dutch Authority for the Financial Markets (AFM) is the first new licence granted in the EU in the past three years.
In addition, One Trading is onshoring crypto derivatives as “traded on a trading venue” instruments.
Joshua Barraclough, founder and CEO of One Trading said: “The long-term vision of the company is to enable all customer types to go long or short on any asset, use any asset as collateral, settle everything instantly, and perpetually roll contracts.
“With this licence, 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.”
One Trading claims to be the first trading venue in the world to offer real-time (<1-minute tick level) settlement of all derivatives positions, 24/7 on 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 regulated financial instruments.
One Trading general counsel Mario Hoessl-Neumann said: “It has been a great experience working very closely with the Dutch regulators throughout much of this process, and we appreciate their vision and foresight to bring a new market structure for regulated derivatives trading to the EU. By launching a novel form of financial instruments with purpose-built tech and the seamless integration of DLT-based assets on the One Trading platform, we are not just 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 such as futures are traded. It has always been a core value to us to maintain equal capabilities for professional and retail clients, and it is great to see that we are now first in Europe to bring to life a trading venue that truly works for all.”
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