Bitpanda Pro has been split into a new entity called One Trading and has completed a Series A financing round of €30 million, led by Valar Ventures.
2023-06-28 09:14
Odaily News: Bitpanda Pro, a subsidiary of Austrian cryptocurrency company Bitpanda, has completed a €30 million Series A financing round. The round was led by Valar Ventures, owned by Peter Thiel, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures.
Bitpanda Pro, which caters to institutions and professional traders, has been spun off into an independent company called One Trading. The company will be led by Josh Barraclough, former Head of Digital Innovation at J.P. Morgan. Bitpanda will retain its stake in One Trading.
Barraclough joined Bitpanda in October 2021 and has been responsible for the operation of the Pro product. He stated that One Trading will soon launch the "fastest and most scalable cryptocurrency exchange".
He added that in the future, One Trading will focus on derivatives business and will introduce more products with appropriate controls and audits, aiming to provide services as a compliant institutional-grade platform for users. (The Block)
Bitpanda Pro, which caters to institutions and professional traders, has been spun off into an independent company called One Trading. The company will be led by Josh Barraclough, former Head of Digital Innovation at J.P. Morgan. Bitpanda will retain its stake in One Trading.
Barraclough joined Bitpanda in October 2021 and has been responsible for the operation of the Pro product. He stated that One Trading will soon launch the "fastest and most scalable cryptocurrency exchange".
He added that in the future, One Trading will focus on derivatives business and will introduce more products with appropriate controls and audits, aiming to provide services as a compliant institutional-grade platform for users. (The Block)
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