SC Ventures supports One Trading in launching crypto perpetual futures in the EU

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Investing in new market potential
  2. Slow approach to Europe
  3. Other initiatives by SC Ventures


    4. SC Ventures, the investment arm of Standard Chartered Bank, has made a strategic investment in Bitpanda spinoff One Trading. The company plans to use this investment to launch the first perpetual futures on cryptocurrencies in the European Union.

    Investing in new market potential

    Thanks to its Organized Trading Facility (OTF) license received in July from the Dutch Financial Markets Authority, One Trading became the first European cryptocurrency exchange able to offer financial products under the Markets in Financial Instruments Directive 2018 (MiFID II). Crypto assets that are defined as financial instruments are regulated under MiFID II, rather than the Markets in Crypto-Assets Regulation (MiCA).

    Now, One Trading is the only perpetual futures trading platform in the European Union. It also became the first cash-settled perpetuals platform in Europe, including the United Kingdom, and the first regulated European derivatives exchange open to retail clients. MiFID II increased transparency and consumer protection on European financial markets. SC Ventures CEO Alex Manson said:

    "Financial innovation should not come at the cost of consumer protection, that’s why we are glad to see One Trading receiving the OTF License. We congratulate the team on becoming the first MiFID II trading venue for crypto perpetual futures in the EU."

    Slow approach to Europe

    Standard Chartered and SC Ventures have a hand in cryptocurrency businesses worldwide, mainly in Asia and the Middle East. SC Ventures and Northern Trust partnered to launch the UK-registered Zodia crypto custody platform in 2021. Standard Chartered and Chinese fintech Linklogis set up the Olea digital infrastructure platform in 2021.

    In 2023, SC Ventures established a joint venture in the United Arab Emirates with the Japanese conglomerate SBI Holding.

    Other initiatives by SC Ventures

    This year, Mox virtual bank, a Hong Kong-based Standard Chartered subsidiary, launched crypto exchange-traded fund trading in Hong Kong. Standard Chartered also partnered with Singapore-based Crypto.com to provide fiat currency services in the UAE and partnered with Brevan Howard to open crypto custody services in the UAE.

    The launch of perpetual futures on cryptocurrencies in Europe could be a significant step for the European crypto market, increasing its attractiveness to investors and bringing new technologies into the regulatory field.

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

Uniswap Reports Record Revenue Driven by Robinhood Chain

Uniswap generated approximately $148.1 million in protocol revenue in September, with Robinhood Chain contributing about 53% of the total.

user avatarMaria Fernandez

Gopax Operator Streami Caught in Cybersecurity Investigation

The Financial Services Commission of South Korea has identified Streami, the operator of the cryptocurrency exchange Gopax, as one of the 16 financial firms affected by recent hacking incidents.

user avatarGustavo Mendoza

Regulatory Discussions on Stablecoin Yield and Banking Reserves

Regulatory discussions on stablecoin yield and banking reserves are ongoing in Washington, focusing on the implications for issuers and the requirement to maintain reserves in bank deposits.

user avatarMiguel Rodriguez

Binance Declares Shutdown of Mining Pool Services.

Binance will discontinue its mining pool and related services on November 10, 2026, requiring miners to redirect their machines.

user avatarRajesh Kumar

Banks Counter Stablecoin Growth with Higher Deposit Rates

A new working paper reveals that banks can slow the growth of stablecoins by increasing deposit rates.

user avatarLuis Flores

Polygon Labs Completes Acquisition of Coinme

Polygon Labs has finalized its acquisition of Coinme, enhancing its payment capabilities with numerous state licenses.

user avatarArif Mukhtar

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.