TechFlow news: One Trading, spun off from Austrian cryptocurrency firm Bitpanda, will officially launch its cryptocurrency exchange in the coming weeks.
One Trading aims to attract major institutional traders by offering zero-fee trading for all digital currency transactions. The company has applied for a MiFID II trading venue license in Europe and plans to gradually roll out derivatives and structured products.
The platform's matching and risk engine operates in less than one microsecond, enabling users to perform over 200 round-trip price discovery, order creation, and cancellation operations before placing a single order.
One Trading was established in June following the spin-off of Bitpanda Pro from Austrian exchange Bitpanda, backed by a €30 million funding round led by Peter Thiel's Valar Ventures. Josh Barraclough, CEO of One Trading, previously served as Head of Digital Innovation at JPMorgan.
