Dec 07, 2023 6:18 pm
One Trading to launch cryptocurrency trading venue in coming weeks
One Trading, a spinoff from Bitpanda, will officially launch its cryptocurrency trading venue in the coming weeks.
One Trading claims that its order matching and risk engine runs in less than one microsecond, and users can perform up to more than 200 price discovery, order creation and other operations on the platform before placing orders on other platforms. (The Block)
According to previous news in June, Bitpanda’s subsidiary Bitpanda Pro completed a 30 million euro Series A financing, led by Peter Thiel’s Valar Ventures, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures.
It is reported that Bitpanda Pro, which is aimed at institutions and professional traders, has been spun off into an independent company called One Trading, led by Josh Barraclough, the former head of digital innovation at JPMorgan Chase. Bitpanda will retain a stake in the company.