The AFM has granted crypto-asset exchange One Trading an Organised Trading Facility (OTF) license, making the trading venue the first regulated derivatives exchange in Europe accessible to retail clients.
The approval makes the exchange the only perpetual futures trading venue within the EU and the first European cash-settled perpetuals platform.
The move also establishes One Trading as a Mifid II trading venue. Joshua Barraclough, founder and chief executive 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.”
The exchange has confirmed that its plans are to onshore crypto derivatives as ‘traded on a trading venue’ instruments, set to enhance the regulatory framework and security for European customers.
Moreover, One Trading is the only regulated exchange which integrates derivatives product creation and trading without the need for external clearing.
Barraclough explained: “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.”