Digital asset exchange One Trading has launched what it claims to be the first fully regulated perpetual futures trading platform for crypto assets in the EU. The venue, aimed at institutional clients, operates under a MiFID II framework and holds an Organised Trading Facility (OTF) licence from the Dutch Authority for the Financial Markets (AFM).
The platform currently supports perpetual futures trading in BTC/EU’R and ETH/EUR pairs. While crypto futures have been available in Europe before, One Trading’s offering is notable for being both cash-settled and regulated under EU financial markets law, a first for the region according to a One Trading Press release.
Sidestep traditional post-trade
One Trading’s setup removes the need for external clearing by integrating trading and product creation. This structure sidesteps traditional post-trade processes, such as third-party clearing and margin requirements, which could reduce costs and complexity for institutional participants.
The company states that the platform is capable of processing over one million orders per second, with execution latency below 70 microseconds. It also offers real-time settlement of all derivative positions, available 24/7, with reported settlement times of under one minute.
Following a testing phase, several market participants are now live on the platform providing liquidity. One Trading has announced that it plans to extend access to eligible retail clients in the coming weeks.
