Bitpanda Pro Spinout Raises €30 Million Led by Thiel’s Valar
- One Trading is seeking official MiFID trading venue license
- Crypto shake-ups spur firms to toughen their regulatory base
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Peter Thiel’s Valar Ventures has led a €30 million ($33 million) investment in a company created from the spinout of Bitpanda Pro, helping fill a gap in Europe for a regulated marketplace for crypto derivatives.
The independent platform is called One Trading and has applied to the Dutch financial watchdog for a trading venue license under the Markets in Financial Instruments Directive. Thiel already backs the exchange’s former parent, Vienna-based Bitpanda GmbH.