Bitpanda Pro completes €30 million Series A funding and splits into a new entity, One Trading

ChainCatcher news, the Austrian crypto trading platform Bitpanda has spun off its subsidiary Bitpanda Pro, aimed at institutional and professional traders, into an independent company named One Trading, and completed a €30 million Series A funding round, led by Peter Thiel's Valar Ventures, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Additionally, Bitpanda will retain a stake in the company.

One Trading stated its intention to operate as a MiFID trading venue, while also holding a VASP license. This collaboration is expected to enable it to offer "capital-efficient spot and derivative products" to a wide range of clients. Meanwhile, the MiFID license will also allow the startup to list financial instruments. (The Block)