Bitpanda Pro Transforms into One Trading, Secures €30 Million Funding Led by Valar Ventures

Bitpanda Pro, a branch of the Austrian cryptocurrency company catering to institutional and professional traders, has undergone a transformation.

Bitpanda Pro Transforms into One Trading, Secures €30 Million Funding Led by Valar Ventures

The unit has been rebranded as One Trading, a separate business entity, under the guidance of Josh Barraclough, a former digital innovation leader at JPMorgan. This significant change was accompanied by a successful Series A funding round, where One Trading raised €30 million.

The round was spearheaded by Peter Thiel’s Valar Ventures, with contributions from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Bitpanda will continue to hold a stake in the new company.

One Trading: Bitpanda Pro’s Evolution into a Standalone Business

Bitpanda Pro’s evolution into One Trading is a strategic move to stay agile and focused in the rapidly changing cryptocurrency environment. Bitpanda CEO Eric Demuth expressed that the success of Bitpanda Pro was always expected to lead to its transformation into a separate business.

One Trading, under Barraclough’s leadership, plans to launch what they claim to be the “fastest and most scalable exchange” in the crypto sphere. The company aims to serve as a utility for large liquidity providers, offering low fees, deep books for retail, and a number of liquidity protections.

One Trading’s Future Plans: A Regulated, Institutional-Grade Platform with Unique Product Options

One Trading has ambitious plans for the future. The company intends to list more products with appropriate controls and vetting as it expands into derivatives. The ultimate goal is to create a regulated, institutional-grade platform where people feel secure to trade with unique product options.

One Trading has announced its intention to operate as a MiFID Trading Venue and holds a VASP license. This combination should enable it to offer “capital efficient spot and derivative products” for a broad customer base. The MiFID license will also permit the startup to list financial instruments.