One Trading: A New Era in Digital Asset Exchange
Previously known as Bitpanda Pro, One Trading has raised €30m in a Series A funding round. This rebranding and financial achievement comes alongside the company’s decision to completely separate from Bitpanda. As a European trading powerhouse, One Trading seeks to bridge the gap between traditional asset trading and the burgeoning cryptocurrency market.
The Future of Asset Trading
In its efforts to revamp the trading landscape, One Trading aims to provide an efficiently regulated platform for both retail and institutional investors. This initiative will significantly bolster the range of One Trading’s offerings to the market. The recent funding round, led by Peter Thiel’s Valar Ventures, saw participation from revered entities like MiddleGame Ventures, Speedinvest, Wintermute Ventures and Keyrock; with Bitpanda retaining a stake. The CEO of Bitpanda, Eric Demuth, emphasized the company’s agile and focused approach as a crucial factor in offering high-quality services.
One Trading’s Ascent
Founded in 2014, Bitpanda was initially focused primarily on retail, until launching Bitpanda Pro in 2019. The CEO of the freshly rebranded One Trading, Joshua Barraclough, held the position of the former co-head of digital innovation at JP Morgan Chase. One Trading plans to operate as a MiFID Trading Venue, opening doors to list financial instruments and design new products. The goal is to provide a safe, accessible crypto trading platform that meets institutional standards. Barraclough also hints at a new model with low fees, liquidity protections, and unlimited risk exchange abilities for large liquidity providers – a significant shakeup in the trading landscape. In addition, One Trading plans to list more products as it makes its foray into the derivatives space.