“One Trading stands at the forefront of global digital asset exchanges, boasting unparalleled technological advancement. It is a privilege to collaborate with the DeFinity Markets team, known for their commitment to innovation in the digital asset sector and building on their strong track record in the traditional wholesale FX markets. Their unwavering pursuit of innovation resonates profoundly with our vision.”
DeFinity Markets, a renowned name in the institutional digital assets ECN sector and powered by DMALINK, has announced a partnership with One Trading, a prominent crypto trading exchange based and regulated within the European Union.
This collaboration aims to significantly enhance liquidity access for eligible institutions and seeks to establish one of the most comprehensive custody-agnostic institutional digital assets and fiat rails in the region.
One Trading is Bitpanda’s crypto exchange arm
It was in June that Bitpanda announced the rebranding of its crypto exchange entity to One Trading. In conjunction with this move, One Trading is also raising €30 million (roughly $33 million) in a fresh funding round. The capital injection was led by Valar Ventures, an investment firm headed by Peter Thiel. Other participants in the funding round include MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures.
By splitting into two distinct companies, Bitpanda aims to further focus on the development and growth of its cryptocurrency exchange, Bitpanda Pro. This strategic move, accompanied by significant funding, will likely enhance the capabilities and offerings of One Trading in the cryptocurrency market.
By isolating itself, Bitpanda can navigate regulatory requirements more easily compared to One Trading, which intends to offer derivatives. Bitpanda Pro has primarily maintained a passive role in the crypto exchange arena. Nevertheless, despite the challenges, One Trading’s goal is to establish itself as a utility for liquidity providers, facilitating the exchange of substantial amounts of risk without limitations.
Behind the scene, the platform is offering a derivative product based on the underlying commodity prices. In essence, it allows traders to bet on an exchange-traded commodity (ETC) contract that tracks the price of individual commodities.
One Trading taps DeFinity Markets for enhanced digital asset liquidity
Both DeFinity Markets and One Trading are committed to independent development of their infrastructures, aiming to elevate the overall marketplace. This includes focusing on One Trading’s platform and DeFinity’s risk management tools to foster greater institutional adoption. The multifaceted nature of their relationship is anticipated to deliver substantial value to their clients.
The partnership is timely as it coincides with the development of a high-speed trading platform and plans to expand into crypto derivatives by One Trading. Headquartered in Europe, the digital asset trading platform holds a VASP registration in Italy and a MiFID trading venue license under application.
The platform offers a diverse range of services including an Exchange, Instant Trade, and an OTC desk, catering to various trader profiles. One Trading prides itself on being an EU-regulated, secure platform offering deep liquidity, low trading fees, top crypto coins, and multiple fiat options.
DeFinity Markets is recognized as the institutional standard in digital assets trading and fiat rail solutions. Built on institutional-grade technology, it provides digital asset market access to globally leading financial institutions looking to diversify their portfolios. DMALINK is a data-centric ECN for professional foreign exchange traders, focusing on anonymous and bilateral, proactively tailored, and sustainable pricing. Its special focus includes Emerging Markets, Scandie crosses, and CE3, serving industry leaders such as banks, funds, corporates, and proprietary trading firms with a demand for sustainable liquidity access in non-G-7 pairs.
Redefining the very fabric of electronic trading standards for digital assets
Manu Choudhary, co-founder of DeFinity Markets, said: “Our goal is to drive market evolution hand in hand with innovative tech-led enterprises. The synergy with One Trading exemplifies our dedication to accelerating progress within the broader market. Our steadfast focus on performance-enhancing technology positions us to redefine the very fabric of electronic trading standards for digital assets.”
Andy Mosson, Chief Commercial Officer at One Trading, commented: “One Trading stands at the forefront of global digital asset exchanges, boasting unparalleled technological advancement. It is a privilege to collaborate with the DeFinity Markets team, known for their commitment to innovation in the digital asset sector and building on their strong track record in the traditional wholesale FX markets. Their unwavering pursuit of innovation resonates profoundly with our vision.”
Chris Park, co-founder of DeFinity Markets, added: “One of the greatest issues with the Digital Asset market today is that whilst transactions are executed and cleared in minutes, the lack of institutional infrastructure and interoperability prohibit mainstream Financial Institution adoption. We’re excited to partner with One Trading at a time when they’re developing a trading platform with the fastest transaction speeds and with the intention to expand into crypto derivatives. This partnership enables significant development in the Digital Asset space building at the inflexion of traditional and digital markets.”
Joshua Barraclough, CEO of One Trading, stated: “DeFinity Markets is as committed as we are to bridging the gap between traditional and crypto asset trading. That’s why we’re excited to partner with DeFinity. They complement our institutional-grade technology well.”
Michael Siwek, DeFinity co-founder, concluded: “We choose partners in asset classes that bring exciting new capabilities to the markets for financial institutions and are delighted to have secured this relationship with One Trading beyond just crypto”.