Digital asset exchange Bitpanda Pro has officially spun out from its parent company and secured €30 million in a funding round led by Peter Thiel’s Valar Ventures.
Now rebranded as One Trading, the crypto exchange has fully separated from the digital investment platform Bitpanda, although Bitpanda continues to hold a stake in its former subsidiary.
Led by ex-JP Morgan executive Josh Barraclough, One Trading aims to fill the gap in regulated venues in Europe by providing more advanced crypto products, including derivatives and spot trading, for both institutional and retail customers.
The new company plans to operate as a MiFID Trading Venue, enhancing its existing VASP licence and allowing its platform to offer capital-efficient spot and derivative products for all types of customers.
Barraclough stated, “We want to make crypto trading safe and accessible for all and bridge the gap to provide an institutional-grade platform for all customer types.”