Also raises €30m Series A
IN BRIEF:
- Bitpanda Pro has raised €30m Series A as it rebrands to One Trading and fully separates from Bitpanda
- The round was led by Peter Thiel’s Valar Ventures with participation from MiddleGame Ventures, Speedinvest, Keyrock and Wintermute Ventures and Bitpanda retaining a stake
- It plans to operate as a MiFID Trading Venue, which would allow it to list financial instruments and for new products to be designed
What does this mean?
“We want to make crypto trading safe and accessible for all and bridge the gap to provide an institutional grade platform for all customer types,” Barraclough said. “We will be going live shortly with what we believe to be the fastest and most scalable exchange based on real world metrics available to a shared retail and institutional audience. We aim to become a utility for large liquidity providers to exchange unlimited amounts of risk under a membership model instead of pay-per-trade and have low fees and deep books for retail with a number of liquidity protections.”
