One Trading Secures Landmark Regulatory Approval for European Crypto Derivatives Trading
July 29 2024 - 4:00AM
Business Wire
- First OTF licence granted by Dutch regulators bringing crypto
futures trading onshore in the EU
- First MiFID II trading venue for perpetual futures in EU
- First to offer product creation, trading, custody, and
real-time settlement for crypto derivatives in one regulated venue
without the need for external clearing
- First regulated derivatives exchange in Europe accessible to
retail clients
One Trading, a leading European crypto-asset exchange, has been
granted an Organised Trading Facility (OTF) License by the Dutch
financial market regulator. This license establishes One Trading as
a MiFID II trading venue and marks a significant milestone in the
company's multi-year journey with the Dutch Financial Markets
Authority (AFM) and the Dutch Central Bank (DNB) to revolutionize
the trading of derivatives and bring crypto futures onshore in the
EU.
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the full release here:
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Joshua Barraclough - Founder and CEO of
One Trading (Photo: Business Wire)
Transforming Derivatives Trading in Europe
With the new license, One Trading becomes the only perpetual
futures trading venue in the EU and the first cash-settled
perpetuals platform in Europe, including the UK. This approval
establishes One Trading as the first regulated derivatives exchange
in Europe accessible to retail clients.
In addition, One Trading is onshoring crypto derivatives as
“traded on a trading venue” instruments, further enhancing the
regulatory framework and security for European customers. The
products that One Trading is rolling out are the modern alternative
to products provided by traditional futures venues such as the CME
or Eurex, but are simpler, more precise, and far more capital
efficient than traditionally cleared derivatives such as dated
futures.
Innovative and Proprietary Technology
One Trading's technical implementation of perpetual futures sets
it apart as 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. This groundbreaking capability complements the
proprietary technology already developed to provide the fastest and
most scalable spot trading venue globally. One Trading’s technology
seamlessly integrates custody and settlement on DLT, making it the
first EU venue to allow the use of crypto-assets as collateral for
trading regulated financial instruments.
Comprehensive and Integrated Clearing and Settlement
As the only regulated exchange that integrates derivatives
product creation and trading without the need for external
clearing, One Trading offers an unmatched suite of services which
are all directly available to professional and retail clients. With
DLT infrastructure mobilising collateral t+0 and 24/7, One Trading
challenges existing financial market infrastructure as the first to
eliminate costly post-trade processes in favour of a clear, safe,
and robust structure focused on helping all clients get the
exposures they want - and nothing more. This integrated approach is
brought to life in a highly regulated environment by use of leading
technology, making it a unique and hard-to-replicate model within
MiFID II.
Joshua Barraclough, Founder and CEO of One Trading commented,
"We are thrilled to have achieved this milestone, which represents
the culmination of years of hard work and innovation. 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. Our team has been
dedicated to developing a platform that not only meets but exceeds
the highest regulatory standards. 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. This is just the beginning of our journey to redefine the
landscape of digital asset and traditional security trading."
A Significant Achievement in Regulatory Approvals
Receiving the first new Organised Trading Facility license
granted in the EU in the past three years underscores the rigorous
standards One Trading achieved. This reflects the company's
innovative approach and trusted leadership, as well as its
dedication to reshaping how regulated financial instruments are
traded in the digital age.
General Counsel Mario Hoessl-Neumann added: “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.”
One Trading has been advised on its license application by
A&O Shearman (Alexander Behrens) and Freshfields Bruckhaus
Deringer (Daphne van der Houwen and Stephan Pachinger).
About One Trading
One Trading is a European digital asset exchange headquartered
in the Netherlands. The company is committed to providing a secure,
fast, and scalable platform for trading crypto-assets and
derivatives. With a focus on innovation and regulatory compliance,
One Trading aims to set new standards in the industry and offer
unparalleled services to its customers. For more information,
please visit our website, X, or LinkedIn.
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Eterna Partners for One Trading eternapartners@onetrading.com
+447762943498 press@onetrading.com +447795433650