One Trading, a prominent European crypto exchange, has achieved a significant regulatory milestone. The company has received an Organised Trading Facility (OTF) License from the Dutch Financial Markets Authority (AFM) and the Dutch Central Bank (DNB). This approval allows One Trading to offer perpetual futures contracts to European customers, marking the first OTF license granted by these regulators in three years.
The OTF license positions One Trading as the sole exchange regulated to offer MiFID II trading venues for perpetual futures within the European Union. This makes One Trading the first platform in Europe and the United Kingdom to provide cash-settled perpetual futures. This development will enable users to trade on the price performance of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) under the protection of EU laws.
Enhanced Trading Experience
One Trading’s new offerings aim to simplify and modernise futures trading. The products are designed to be more user-friendly, accurate, and cost-effective compared to traditional futures contracts provided by exchanges like CME or Eurex. This innovation seeks to provide a modern alternative for traders seeking advanced financial instruments.
Services and Technology
The company plans to offer a comprehensive range of services, including product creation, trading, custody, and real-time settlement for crypto derivatives, all within a single regulated platform. This eliminates the need for external clearing, streamlining the trading process for users.
One Trading will integrate real-time settlement for all derivatives positions, with updates occurring at intervals of less than one minute. This feature, combined with the company’s existing technology, supports its growing spot market and enhances the overall trading experience.
CEO’s Vision and Team Acknowledgement
Joshua Barraclough, CEO of One Trading, expressed enthusiasm about the company’s achievements, highlighting the culmination of years of hard work and innovation. Barraclough envisions One Trading as the leading platform for futures trading, aiming to provide a seamless experience where all customer types can trade, use any asset as collateral, and settle contracts instantly.
He also praised the team’s dedication in reaching this regulatory milestone, which aligns with the company’s goal to offer institutional-grade solutions to all customers. This includes introducing products for BTC and ETH where no onshore EU-regulated venue currently exists.
Future Developments
One Trading’s technology will integrate Distributed Ledger Technology (DLT), allowing crypto-assets to be used as collateral for trading regulated financial instruments. This makes One Trading the first EU trading venue to offer such a feature. The company’s continued innovation aims to redefine the landscape of digital asset and traditional security trading, marking the beginning of an ambitious journey.
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