On the 30th (local time), Cointelegraph reported that OneTrading had received an Organized Trading Facility (OTF) license from the Authority for Financial Markets (AFM).
The license allows the company to launch cryptocurrency futures trading in the Netherlands, the first European derivatives exchange open to retail clients in the EU.
"Our long-term vision is to make it possible for all clients to trade across all assets," said One Trading CEO Joshua Barraclough.
"The ability to take long or short positions, use any asset as collateral, settle all trades instantly and roll over contracts forever," he said.
Thanks to distributed ledger technology, One Trading can realize derivatives trading in real time, 24 hours a day, 365 days a year, without the need for external clearing.
eTrading is also the first EU platform to enable regulated financial product trading using crypto assets as collateral.
Trading is a subsidiary of Austria-based Bitpanda, which was founded in 2019.
Formerly known as Pro, the company raised €30 million (approximately $5 billion) in a Series A funding round led by Valar Ventures.
The company was spun off into a separate company in June last year after raising $100,000 in funding.
2024/07/31 11:34 KST
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