The Dutch Authority for the Financial Markets (AFM) has granted Netherlands-based digital asset platform One Trading an organized trading facility license.
This license will allow One Trading to introduce a number of new financial products in Europe, including trading crypto futures in the country.
With this approval, One Trading becomes the only perpetual futures trading platform in the European Union, and the first cash-settled perpetual platform in Europe and the United Kingdom.
It will also be the first regulated European derivatives platform open to retail clients.
According to Joshua Barraclough, CEO of One Trading, the company's ultimate goal is to offer all types of clients the ability to trade, use any asset as collateral and settle contracts instantly, with the ability to go long or short on any asset.