SC Ventures invests in One Trading for EU crypto perpetual futures
Standard Chartered’s venture capital arm gets a toehold in Europe with its investment in the EU’s only MiFID II-compliant crypto platform.
SC Ventures, the Standard Chartered Bank investment arm, has made a strategic investment in Bitpanda spinoff One Trading. One Trading will use the investment to launch the first perpetual futures trading in the European Union.
One Trading received an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority in July, making it the first European cryptocurrency exchange able to offer financial products under the Markets in Financial Instruments Directive 2018 (MiFID II). Crypto assets that are defined as financial instruments are regulated under MiFID II rather than the Markets in Crypto-Assets Regulation (MiCA).
Thanks to its OTF license, One Trading became the only perpetual futures trading platform in the European Union. In addition, it is the first cash-settled perpetuals platform in Europe, including the United Kingdom, and the first regulated European derivatives exchange open to retail clients.
Standard Chartered’s venture capital arm gets a toehold in Europe with its investment in the EU’s only MiFID II-compliant crypto platform.
SC Ventures, the Standard Chartered Bank investment arm, has made a strategic investment in Bitpanda spinoff One Trading. One Trading will use the investment to launch the first perpetual futures trading in the European Union.One Trading received an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority in July, making it the first European cryptocurrency exchange able to offer financial products under the Markets in Financial Instruments Directive 2018 (MiFID II). Crypto assets that are defined as financial instruments are regulated under MiFID II rather than the Markets in Crypto-Assets Regulation (MiCA).Thanks to its OTF license, One Trading became the only perpetual futures trading platform in the European Union. In addition, it is the first cash-settled perpetuals platform in Europe, including the United Kingdom, and the first regulated European derivatives exchange open to retail clients.Read more