Bitpanda Pro rebrands as One Trading after securing €30 million in Series A funding.

After operating as one entity since 2019, Bitpanda and Bitpanda Pro have separated with the latter rebranding to One Trading following the successful closure of a Series A funding round with €30 million. According to the announcement, Bitpanda will retain a small stake in the new entity but will continue to operate independently in its future growth prospects.

Notably, the funding round that enabled the separation was led by Peter Thiel’s Valar Ventures and featured participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Onwards, the new entity will be led by Chief Executive Officer Josh Barraclough, who will lead the company toward greater achievements through regulated channels in Europe.

Already, One Trading is set to operate via MiFID Trading Venue License to enhance its Virtual Asset Service Provider (VASP) registration in Italy. Furthermore, the company aims at bridging the gap between retail and institutional customers in Europe amid mainstream cryptocurrency adoption.

“Since we first launched Bitpanda Pro, given its potential, we always knew and planned that its success would naturally make it evolve to become its own business,” Eric Demuth, CEO of Bitpanda, noted .

The relationship between Bitpanda – which was previously valued at about $4.1 billion – and On Trading will continue to stand, with the latter expected to support trading of the former’s native crypto token dubbed BEST. Notably, the BEST coin is used to incentivize Bitpanda traders and holders through 15 percent annual rewards. Trading around € 0.37 on Wednesday, the BEST token is mostly viewed as a loyalty token with weekly payouts.

Following a successful Series A funding round, Bitpanda Pro is evolving into One Trading and becoming a separate company. While the Pro team was always quite independent, we share the belief that this is the logical next step in order for them to achieve their full potential.

— Bitpanda (@Bitpanda_global) June 28, 2023

One Trading Future

The cryptocurrency market in Europe is expected to thrive further following the recent approval of the Markets in Crypto Assets (MiCA) regulation by the EU. However, individual state nations have taken the initiative to control the cryptocurrency market to ensure safe adoption and avoid instances similar to the FTX and Alameda Research implosion. Already, the leading global CEX Binance has experienced regulatory hurdles in different European countries including Belgium and Netherlands.

As a result, the One Trading team understands it will be a challenging time ahead amid global regulatory scrutiny. Most countries are working on individual crypto regulatory frameworks, which has significantly divided the entire industry. The team at Bitpanda intends to continue developing infrastructure for financial inclusion through an AI-focused Moreover, the rise of artificial intelligence around the world is expected to revolutionize cryptocurrency trading through AI bots that are more receptive to wide market data.

To begin with, One Trading intends to launch USD trading pairs, launch derivatives offerings, and announce new crypto listings including Bitcoin and Ethereum .

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Inventory of 13 projects built on the Polygon CDK

Although Polygon CDK entered the market late, its progress has been rapid. The original author discusses how Ethereum...


Breaking News: A Crypto Comedy Unfolds!

Stay up-to-date on the newest blockchain technology advancements, funding news, and deals for Nov. 2-8, with live upd...


Fed Vice Chair Barr provides CBDC research update, promotes stablecoin legislation.

On September 8th, in Philadelphia, Michael Barr, Vice Chair of the U.S. Federal Reserve Bank, delivered an insightful...


Apple Stock Takes a Tumble: Is It Rotten to the Core?

Apple has recently announced their Q4 2023 financial results, which showed a revenue of $89.5B, slightly lower than t...


"Pond0X token launch mishap results in multimillion-dollar losses."

Pond0x, an exciting new project, was recently announced by the renowned founder of Not Larva Labs, a leading NFT trad...


Bitcoin Bulls Unleash Their Fury: Will the Price Surge Continue?

The options market data suggests that Bitcoin's gamma move may still have further to go.