One Trading, the European crypto-asset exchange, has obtained an Organised Trading Facility (OTF) License from the Dutch financial market regulator AFM, establishing itself as a MiFID II trading venue. This is the culmination of a multi-year effort between One Trading, AFM and the Dutch Central Bank (DNB) to bring crypto futures onshore within the EU.
Under its new licence, One Trading will become the sole crypto derivatives trading venue for perpetual futures in the EU and the first cash-settled perpetuals platform in Europe, including the UK. The approval also positions One Trading as the first regulated crypto derivatives exchange in Europe accessible to retail clients.
One Trading is pioneering the onshoring of crypto derivatives as “traded on a trading venue” instruments, enhancing regulatory frameworks and security for European customers. These new products offer a modern alternative to traditional exchange-trade futures products, with – according to the company – simpler, more precise, and more capital-efficient structures than traditionally cleared derivatives such as dated futures.
Distinguishing features of perpetual futures by One Trading are real-time settlement of all derivatives positions, and availability 24/7 across all markets, complemented by One Trading’s proprietary technology, claimed to be the fastest and most scalable spot trading platform globally.
By integrating custody and settlement on Distributed Ledger Technology (DLT), One Trading becomes the first EU venue to allow the use of crypto assets as collateral for trading regulated financial instruments. Offering a suite of services without the need for external clearing, One Trading’s DLT infrastructure enables collateral mobilisation on a t+0 basis, operating 24/7, and eliminating costly post-trade processes.
Joshua Barraclough, Founder and CEO of One Trading commented, “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.”
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