One Trading, headquartered in the Netherlands, has triumphantly secured an Organized Trading Facility (OTF) license from the Dutch Authority for the Financial Markets (AFM), positioning itself as a regulated crypto derivatives exchange within Europe.

Formerly operating under the moniker Bitpanda Pro, One Trading’s new license solidifies its status as a Markets in Financial Instruments Directive (MIFID) II trading venue. MIFID II encompasses the European Union’s comprehensive regulatory framework governing trading platforms.

This licensure distinguishes One Trading as the sole venue within the European Union authorized to offer perpetual futures trading, as well as the first cash-settled perpetuals platform on the continent, according to a company press release issued on Monday.

The AFM confirmed this milestone, stating, “We can affirm that One Trading has been granted an OTF license. They are indeed the inaugural crypto entity to receive this category of license in the Netherlands.”

Joshua Barraclough, founder and CEO of One Trading, expressed enthusiasm for the regulatory milestone. “We are strategically positioned to introduce innovative regulated products and deliver institutional-grade solutions to all customer demographics, commencing with BTC and ETH products where no onshore EU regulated venue currently exists,” he stated. “This marks merely the onset of our endeavor to transform the digital asset and traditional security trading landscape.”

This significant development underscores One Trading’s pioneering role in the evolving European crypto derivatives market, setting a new precedent for regulated digital asset exchanges within the EU.