One Trading has received approval from Dutch regulators to offer cryptocurrency derivatives trading in Europe.

according to CoinDesk, the Netherlands-based One Trading has obtained an OTF license from the Dutch Authority for the Financial Markets (AFM), allowing the company to operate as a regulated crypto derivatives trading platform in Europe.

The digital asset trading platform, formerly known as Bitpanda Pro, stated that the new license establishes One Trading's status as a trading venue under the Markets in Financial Instruments Directive (MIFID) II. MIFID II is a set of regulations governing trading venues in the European Union.