One Trading Becomes First EU Venue Approved Under MiCAR for Regulated Crypto Spot and Derivatives

Amsterdam, Netherlands – May 20, 2025 – One Trading Exchange B.V. (One Trading), a prominent European trading platform, has achieved a significant milestone by becoming the first cryptocurrency derivatives trading venue in the European Union to receive authorization under both the Markets in Financial Instruments Directive II (MiFID II) and the newly established Markets in Crypto-Assets Regulation (MiCAR). This landmark approval allows One Trading to offer trading services for both retail and institutional investors, marking a transformative moment for the digital asset industry in Europe.

Approval Marks a New Era for Crypto Trading

The recent license granted by the Authority for the Financial Markets (AFM) in the Netherlands designates One Trading as a crypto-asset service provider (CASP) under the MiCAR framework. This dual licensing is unprecedented in the EU, enabling a unified platform where clients can engage in trading crypto perpetual futures and spot cryptocurrencies while benefiting from full regulatory oversight.

"This achievement sets a new benchmark for Europe’s digital asset industry,” stated Joshua Barraclough, CEO of One Trading. “For the first time, both institutional and eligible retail clients can trade on a fully regulated platform that ensures investor protections and streamlined execution."

Technical Complexity Behind the License

Securing regulatory licenses in such a rigorous environment is no small feat. Barraclough emphasized that the process involved establishing a robust technical infrastructure along with an integrated compliance, risk, and governance framework. "This isn’t about merely ticking regulatory boxes; it is about realizing a long-term vision for a fully licensed and institutional-grade venue accessible to a broad audience," he added.

Features of the New Trading Platform

With the combined licenses from MiFID II and MiCAR, One Trading offers a multitude of capabilities:

• Removal of External Clearing: By eliminating the need for external clearing, One Trading can provide faster and more capital-efficient execution.
• Hedging Capabilities: Clients can hedge futures against spot positions directly on the same platform.
• Cross-Margining Support: The platform supports cross-margining of positions with crypto collateral, which enhances capital efficiency.
• Regulated Risk Management: A comprehensive risk and operational framework is in place to safeguard clients’ interests.
• Quick Settlement Options: The introduction of 1-minute settlement for crypto perpetual futures with leverage of up to 10x enables rapid trading decisions.

A Vision for the Future

Mario Hössl-Neumann, General Counsel at One Trading, remarked on the transformative potential of this regulatory approval. "Being able to offer multilateral trading in both crypto-assets and MiFID II instruments domestically is not only rare but revolutionary. It allows us to launch a future-proof trading venue connecting both traditional and crypto markets."

Historically, access to regulated crypto derivatives in Europe has been limited compared to other regions. One Trading’s new license enables EU-based clients to trade on a regulated platform that emphasizes capital-efficiency and transparency, setting a precedent for future developments in the crypto space.

Upcoming Developments

Following the regulatory approval, One Trading is poised to expand its offerings:

• Broaden Access: Plans are underway to enhance access to perpetual futures for eligible retail clients across all EU member states.
• Cross-Margining Introduction: The platform will fully utilize the MiFID II and MiCAR setup for cross-margining.
• New Product Launches: One Trading aims to introduce innovative product lines, which may include equity and index-linked perpetuals.

"We are committed to building the infrastructure for a regulated, multi-asset future," stated Barraclough. "This approval signifies that exposing clients to offshore risks is unnecessary; we can provide a safe, secure, and sustainable trading environment right here in Europe."

About One Trading

One Trading Exchange B.V. is an Amsterdam-based European investment firm and crypto-asset service provider operating under the MiFID II and MiCAR regulatory frameworks. The company integrates functions such as product issuance, order matching, risk management, and collateral management to provide superior execution speeds and broaden market access for both institutional and eligible retail clients throughout Europe.

For more information about One Trading, visit their website or follow them on Twitter and LinkedIn.

Disclaimer: This article does not constitute financial advice and is intended for informational purposes only. It is recommended that readers conduct their own research or consult with a financial advisor before engaging in cryptocurrency trading or investment.

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