One Trading has become the first EU platform to secure dual regulatory approval under MiFID II and MiCAR, enabling the offering of fully regulated crypto spot and derivatives trading to both retail and institutional investors.
One Trading Exchange has been authorised as the first venue in the European Union to offer regulated crypto spot trading and derivatives under both the Markets in Crypto-Assets Regulation (MiCAR) and the Markets in Financial Instruments Directive II (MiFID II).
The announcement on May 20 marks a milestone for the digital asset industry in Europe, as One Trading becomes the first platform to hold licences for both crypto-asset services and financial instruments regulation.
This approval allows the platform to offer crypto perpetual futures and spot trading services to both retail and institutional investors within the EU.
The new licences, granted by the Netherlands’ Authority for the Financial Markets (AFM), position One Trading as a fully regulated, institutional-grade venue.
By combining the MiCAR licence for crypto assets with the MiFID II OTF (Organised Trading Facility) licence for crypto derivatives, the platform can now offer services with greater security and transparency than many of its competitors operating outside the EU’s regulatory framework.
A new standard for regulated crypto trading
“One Trading has worked hard to meet the complex requirements of both MiFID II and MiCAR,” said Joshua Barraclough, CEO of One Trading.
“This approval is not just about meeting regulatory standards but about creating a platform that can offer institutional-grade services and security to both professional and eligible retail traders across Europe.”
MiCAR, which establishes a framework for crypto-assets across Europe, introduces an important step forward in the regulation of digital currencies. By combining it with MiFID II, which governs traditional financial markets, One Trading aims to provide a fully integrated trading environment.
The platform’s structure eliminates the need for third-party clearing, enabling faster and more capital-efficient trading for users. It also supports cross-margining of positions with crypto collateral, allowing for better capital efficiency, and provides tools for clients to hedge their spot positions against futures positions on the same platform.
Future expansion plans
With regulatory approval in place, One Trading is now ready to expand its offerings. The platform plans to extend access to crypto perpetual futures for eligible retail clients across EU member states, and will soon introduce additional product lines, including equity and index-linked perpetual futures.
“MiCAR introduces the first unified crypto framework in Europe, and we are proud to be the first to offer a regulated, multi-asset trading platform that bridges the gap between traditional and digital asset markets,” said Mario Hössl-Neumann, General Counsel at One Trading.
This new combination of licences allows One Trading to provide EU clients with a fully regulated trading experience. It also sets the company apart from other platforms, many of which continue to operate through offshore structures, exposing clients to additional risk.
