Bitpanda has announced that Bitpanda Pro, their digital asset exchange for institutions and “seasoned” investors, is rebranding and becoming ‘One Trading.’
Founded in 2014 and headquartered in Vienna, Bitpanda is one of the most successful digital asset firms in Europe.
After a €30m Series A investment round, the company says it’s launching as “an exchange entirely independent from Bitpanda.” The Series A funding round was led by Peter Thiel’s Valar Ventures.
While Bitpanda will retain a small stake in the company, One Trading will “have complete independence as they embark on this journey with full autonomy to innovate and grow more dynamically.”
Under the leadership of CEO Josh Barraclough, One Trading is “committed to making crypto trading safe and accessible for everyone.”
They aim to “bridge the gap between retail and institutional customers, providing an institutional-grade platform.” Additionally, they are striving “to address the shortage of regulated venues in Europe by offering more sophisticated trading products aimed at professional traders and institutional clients.”
In terms of licensing, One Trading plans to operate “under a MiFID Trading Venue License, thereby enhancing their existing Virtual Asset Service Provider (VASP) registration in Italy.”
Even though One Trading will be setting off on their own path, they’ll still be “maintaining a friendly relationship, with BEST still available to buy and sell via One Trading.”
In fact, there won’t be “any discernible difference between how BEST was traded previously on Bitpanda Pro and now via One Trading, with fees remaining the same and BEST Rewards still only being earned from holding BEST directly on Bitpanda.”
Meanwhile, at Bitpanda, they’re excited to “shift even more focus into developing new functionalities for BEST on Bitpanda broker and establishing the ecosystem even further as part of our Investing-as-a-Service offering, Bitpanda Technology Solutions.”
As One Trading embarks on its independent journey, significant infrastructure changes and the rebranding completely “separating it from Bitpanda are just the beginning.”
They have imminent plans “to launch USD trading, introduce a feature-rich set of tools, new asset listings, and a fully-regulated derivatives offering (license under application).”
Meanwhile, at Bitpanda, they’ll continue “to focus on simplifying wealth creation for all, while also continuing to disrupt the industry with innovation through our launch of Bitpanda.ai.”
Through Bitpanda Technology Solutions, they’re also focused “on providing a swift and seamless route for institutions to meet the growing demand for modern investing solutions, just as we have with Raiffeisenlandesbank NÖ-Wien, Coinbase N26, Plum, and more, to bring safe and secure investing to more and more people.”