One Trading, formerly known as Bitpanda Pro, has raised €30 million in funding and achieved full independence from Bitpanda. Led by ex-JP Morgan executive Josh Barraclough, One Trading aims to address the lack of regulated crypto trading platforms in Europe and offer more sophisticated crypto products, including derivatives and spot trading, to institutions and retail customers. They plan to operate as a MiFID Trading Venue, allowing them to list financial instruments and design new products with enhanced vetting, transparency, and customer protection.
Facts
- One Trading, formerly Bitpanda Pro, has secured €30 million in funding.
- The funding round was led by Peter Thiel’s Valar Ventures, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures.
- Ex-JP Morgan executive Josh Barraclough will lead One Trading.
- One Trading aims to address the lack of regulated crypto trading platforms in Europe.
- They plan to offer more sophisticated crypto products, including derivatives and spot trading.
- One Trading intends to operate as a MiFID Trading Venue, augmenting its existing Virtual Asset Service Provider (VASP) license.
- They aim to create a fast and scalable exchange with low fees, deep books for retail customers, and liquidity protections.
