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

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.