Joshua Barraclough, founder and chief executive at One Trading

This latest round saw existing investor MiddleGame Ventures increase its stake in One Trading, while Valar and SpeedInvest also participated.

The terms of the deal were not disclosed.

“As a major, multinational bank with a commitment to innovation, SC Ventures is dedicated to driving digital assets market infrastructure,” said Joshua Barraclough, founder and chief executive at One Trading.

“We welcome them as an investor in the company and believe they can add a lot of value to One Trading and our clients.”

The investment will be used by One Trading to support the launch of the first crypto perpetual futures in the EU as a Mifid II trading venue.

In July, the Dutch financial market regulator granted One Trading an Organised Trading Facility (OTF) license, establishing the exchange as a Mifid II trading venue. 

Having gained OTF License approval, One Trading is the only crypto perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK.

The trading venue is also the first regulated derivatives exchange in Europe which will be accessible to retail clients. 

“Financial innovation should not come at the cost of consumer protection, that’s why we are glad to see One Trading receiving the OTF License. We congratulate the team on becoming the first Mifid II trading venue for crypto perpetual futures in the EU,” said Alex Manson, chief executive at SC Ventures. 

“We look forward to One Trading providing much needed infrastructure to all participants in the EU and further afield.”

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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.”

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