One Trading taps DMALINK’s DeFinity Markets for top tier digital asset solution in Europe

Rick Steves

“One Trading stands at the forefront of global digital asset exchanges, boasting unparalleled technological advancement. It is a privilege to collaborate with the DeFinity Markets team, known for their commitment to innovation in the digital asset sector and building on their strong track record in the traditional wholesale FX markets. Their unwavering pursuit of innovation resonates profoundly with our vision.”

DeFinity Markets, a renowned name in the institutional digital assets ECN sector and powered by DMALINK, has announced a partnership with One Trading, a prominent crypto trading exchange based and regulated within the European Union.

This collaboration aims to significantly enhance liquidity access for eligible institutions and seeks to establish one of the most comprehensive custody-agnostic institutional digital assets and fiat rails in the region.

One Trading taps DeFinity Markets for enhanced digital asset liquidity

Both DeFinity Markets and One Trading are committed to independent development of their infrastructures, aiming to elevate the overall marketplace. This includes focusing on One Trading’s platform and DeFinity’s risk management tools to foster greater institutional adoption. The multifaceted nature of their relationship is anticipated to deliver substantial value to their clients.

The partnership is timely as it coincides with the development of a high-speed trading platform and plans to expand into crypto derivatives by One Trading. Headquartered in Europe, the digital asset trading platform holds a VASP registration in Italy and a MiFID trading venue license under application.

The platform offers a diverse range of services including an Exchange, Instant Trade, and an OTC desk, catering to various trader profiles. One Trading prides itself on being an EU-regulated, secure platform offering deep liquidity, low trading fees, top crypto coins, and multiple fiat options.

DeFinity Markets is recognized as the institutional standard in digital assets trading and fiat rail solutions. Built on institutional-grade technology, it provides digital asset market access to globally leading financial institutions looking to diversify their portfolios. DMALINK is a data-centric ECN for professional foreign exchange traders, focusing on anonymous and bilateral, proactively tailored, and sustainable pricing. Its special focus includes Emerging Markets, Scandie crosses, and CE3, serving industry leaders such as banks, funds, corporates, and proprietary trading firms with a demand for sustainable liquidity access in non-G-7 pairs.

Redefining the very fabric of electronic trading standards for digital assets

Manu Choudhary, co-founder of DeFinity Markets, said: “Our goal is to drive market evolution hand in hand with innovative tech-led enterprises. The synergy with One Trading exemplifies our dedication to accelerating progress within the broader market. Our steadfast focus on performance-enhancing technology positions us to redefine the very fabric of electronic trading standards for digital assets.”

Andy Mosson, Chief Commercial Officer at One Trading, commented: “One Trading stands at the forefront of global digital asset exchanges, boasting unparalleled technological advancement. It is a privilege to collaborate with the DeFinity Markets team, known for their commitment to innovation in the digital asset sector and building on their strong track record in the traditional wholesale FX markets. Their unwavering pursuit of innovation resonates profoundly with our vision.”

Chris Park, co-founder of DeFinity Markets, added: “One of the greatest issues with the Digital Asset market today is that whilst transactions are executed and cleared in minutes, the lack of institutional infrastructure and interoperability prohibit mainstream Financial Institution adoption. We’re excited to partner with One Trading at a time when they’re developing a trading platform with the fastest transaction speeds and with the intention to expand into crypto derivatives. This partnership enables significant development in the Digital Asset space building at the inflexion of traditional and digital markets.”

Joshua Barraclough, CEO of One Trading, stated: “DeFinity Markets is as committed as we are to bridging the gap between traditional and crypto asset trading. That’s why we’re excited to partner with DeFinity. They complement our institutional-grade technology well.”

Michael Siwek, DeFinity co-founder, concluded: “We choose partners in asset classes that bring exciting new capabilities to the markets for financial institutions and are delighted to have secured this relationship with One Trading beyond just crypto”.

One Trading spun off Bitpanda. Fundraiser led by Peter Thiel’s Valar

It was in June that Bitpanda announced the launch of a separate entity for its crypto exchange arm, rebranded as One Trading. In conjunction with this move, One Trading raised €30 million (roughly $33 million) in a funding round aimed at ensuring that Bitpanda remained linked to One Trading but now as a minority shareholder.

The capital injection was led by Valar Ventures, an investment firm headed by Peter Thiel. Other participants in the funding round include MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures.

By splitting into two distinct companies, Bitpanda aims to further focus on the development and growth of its cryptocurrency exchange, Bitpanda Pro. This strategic move, accompanied by significant funding, will likely enhance the capabilities and offerings of One Trading in the cryptocurrency market.

By isolating itself, Bitpanda can navigate regulatory requirements more easily compared to One Trading, which intends to offer derivatives. Bitpanda Pro has primarily maintained a passive role in the crypto exchange arena. Nevertheless, despite the challenges, One Trading’s goal is to establish itself as a utility for liquidity providers, facilitating the exchange of substantial amounts of risk without limitations.

Behind the scene, the platform is offering a derivative product based on the underlying commodity prices. In essence, it allows traders to bet on an exchange-traded commodity (ETC) contract that tracks the price of individual commodities.

  • Read this next

    Fundamental Analysis

    Global FX Market Summary: EUR, Fed Minutes February 21, 2024

    Hawkish Fed minutes could strengthen USD, dovish BoE hints could boost euro, mixed economic data leaves impact unclear, FOMC minutes release today holds the most weight.

    Digital Assets

    360T launches Crypto NDF offering

    “By launching our crypto offering with non-deliverable derivatives products, we are allowing our diverse, global client base to engage with the crypto market without the need to build or invest in Distributed Ledger Technology (DLT) infrastructure. Looking ahead, we will continue to work with our industry partners to expand 360T’s crypto.”

    Technical Analysis

    FTSE 100 index Technical Analysis Report 20 February, 2024

    The FTSE 100 index is likely to fall to support level 7600.00 after reversing from resistance level 7750.00.

    Retail FX

    Afterprime enhances trade reporting with PrimeXM and TRAction

    “This collaboration has made setting up EMIR and MIFIR reporting for our CySEC entity a breeze, allowing us to maintain our focus on providing best-in-class pricing and top-notch customer service.”

    Market News

    US Market Stocks See a Dip Ahead of FOMC Minutes Announcement

    As the financial world eagerly awaits the release of the Federal Open Market Committee (FOMC) meeting minutes scheduled for today, the S&P 500 index begins trading slightly lower, marking a subtle shift in market sentiment following a prolonged rally.

    Fintech

    Adaptive proves that “the future of finance is in the cloud”

    “While workloads have migrated to the cloud over the past decade, some have doubted whether its latency and fault tolerance can match that of on-premises solutions – our joint testing on Google Cloud, proves that this is the case.”

    Retail FX

    Axi Select offers live trading amid “end of demo account prop firm model”

    “We genuinely empathize with the thousands of talented traders who will now be denied access to their allocated funds, and we encourage anyone using the demo trading registration model to question whether their prop firm partner will be able to continue as an ongoing concern given recent events. Unfortunately, this could be the beginning of the end for the demo account prop firm model.”

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

    <