Standard Chartered’s SC Ventures has invested in One Trading, the EU crypto asset exchange. At the end of July, One Trading was awarded an Organised Trading Facility (OTF) license by the Dutch Financial Markets Authority (AFM). That means its planned crypto derivatives exchange is regulated under MiFID II, making it the only regulated (and retail) crypto derivatives exchange in Europe.
Other investors in the funding round include existing backer MiddleGame Ventures and new investors Valar and SpeedInvest. The terms were not disclosed, but it will use the funds to launch its crypto perpetual futures exchange.
While the MiCA regulations are widely known, they apply to spot crypto assets. Derivatives are a more traditional type of financial instrument which is covered by MiFID II. However, the derivatives that One Trading plans to offer are anything but traditional. They include cash settled perpetual futures for Bitcoin and Ether.
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