SC Ventures Invests in One Trading to Launch Perpetual Futures Trading Platform

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. License Acquisition and Regulation
  2. New Market Opportunities and Prospects
  3. Strategic Importance and SC Ventures' Partnerships


    4. SC Ventures, the investment arm of Standard Chartered Bank, has made a strategic investment in One Trading, a Bitpanda spinoff. This investment will help One Trading launch the first perpetual futures trading platform in the European Union.

    License Acquisition and Regulation

    In July, One Trading became the first European cryptocurrency exchange to obtain an Organized Trading Facility (OTF) license from the Dutch Financial Markets Authority. This license allows it to offer financial products regulated under the Markets in Financial Instruments Directive 2018 (MiFID II) instead of the Markets in Crypto-Assets Regulation (MiCA). Crypto assets classified as financial instruments fall under MiFID II regulation.

    New Market Opportunities and Prospects

    Exploring new market potential, One Trading is now the only platform offering perpetual futures trading in the EU and the first cash-settled perpetuals platform in Europe, including the UK. It’s also the first regulated European derivatives exchange open to retail clients.

    Strategic Importance and SC Ventures' Partnerships

    While SC Ventures has been primarily active in cryptocurrency businesses across Asia and the Middle East, this investment signals a slow yet deliberate approach to Europe. In recent years, SC Ventures partnered with Northern Trust to launch Zodia, a UK-registered crypto custody platform, and teamed up with Chinese fintech Linklogis to establish the Olea digital infrastructure platform.

    The launch of the perpetual futures trading platform in the EU, supported by SC Ventures, underscores the importance of financial innovations combined with consumer protection. The launch date for the platform has not been announced yet, and the investment terms were not disclosed.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.