Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised One Trading, formerly Bitpanda Pro, on its landmark regulatory approval for European crypto derivatives trading. The digital asset exchange, headquartered in the Netherlands, has been granted an Organised Trading Facility (OTF) License from the Dutch Financial Markets Authority (AFM). This license establishes One Trading as a MiFID II trading venue and marks a significant milestone in the company`s multi-year journey with Dutch regulators.
With the OTF-license, One Trading becomes the only perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe. This approval establishes One Trading as the first regulated crypto derivatives exchange in Europe accessible for retail clients.
The Freshfields team was led by Counsel Daphne van der Houwen (Financial Regulatory, Amsterdam) and Partner Stephan Pachinger (Financial Regulatory, Vienna/Frankfurt). The team also included:
- Partners: Alexander Glos (Financial Regulatory, Frankfurt) and Thijs Flokstra (Corporate M&A, Amsterdam)
- Principal Associates: Daniel Klingenbrunn (Financial Regulatory, Frankfurt/New York) and Sharon Sloof (Financial Regulatory, Amsterdam)
- Associated: Sander Verspiek (Corporate M&A, Amsterdam)
A corporate team led by Partner Menno Verboom and Principal Associate Mark Maarschalkerweerd (both Corporate M&A, Amsterdam) already advised One Trading on its successful Series A investment round last year. With raising 30 million euros, the firm became at that time fully independent of Bitpanda.
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