Eric Demuth, Paul Klanschek and Christian Trummer, co-founders of Bitpanda
Bitpanda Prothe branch institutional’ branch of the famous crypto exchange Austrian, becomes One Trading and takes its independence. The new company at the same time announces a tour de table from 30 million dollars.
This Wednesday, One Tradingformerly Bitpanda Prohas announced that it has raised 30 million dollars as part of a financing round led by Valar Ventures. PayPal co-founder Peter Thiel’s venture capital firm was already backing the crypto exchange founded in Vienna in 2014.
One Trading presents itself as a high-end digital asset platform for institutional investors as well as details European. The unit is no longer part of the Bitpanda group.
The series A from One Trading also attracted MiddleGame Ventures, Speedinvest, Keyrock and Wintermute Venturesaccording to a press release.
Since we launched Bitpanda Pro, we’ve always known and anticipated that its success would naturally evolve it into its own company. […] One Trading, led by TradFi heavyweight and JP Morgan alumnus Josh Barraclough, aims to address the lack of regulated platforms in Europe by offering more sophisticated crypto products,” trumpeted Bitpanda boss Eric Demuth.
For its part, Josh Barraclough said that the ambition of One Trading was to provide “a quality platform institutional for all types of customers”. “We have rolled out a new brand image and a number of major infrastructure changes. We will soon be bringing online what we believe to be the fastest and most scalable exchange “he added.
📢 Exciting news! Bitpanda Pro is now One Trading! 💥 We’re thrilled to announce our complete separation from Bitpanda and the successful raising of a €30m funding round led by Valar Ventures, with participation from other prominent investors. 🚀 #OneTrading #CryptoExchange pic.twitter.com/WK2XyTLjnm
– One Trading (@onetrading_com) June 28, 2023
For James Fitzgerald, founding partner of Valar VenturesOne Trading will “strengthen confidence” with a product that offers both “regulation and improved technology”.
Last month, Bitpanda has made a $10 million investment in its new division dedicated to theartificial intelligence. The crypto exchange has also formed a partnership with its American rival Coinbase.
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