This episode of The New Money Podcast features Joshua Barraclough, Founder and CEO of One Trading. Josh shares his journey from leading fintech strategy at JP Morgan, to joining Bitpanda as CEO of its exchange business, and ultimately spinning it out to launch One Trading as a fully independent, institutional-grade platform. They dive deep into the complexities of the trading stack, the rise of perpetual futures as crypto’s most powerful financial innovation, and how One Trading rebuilt the infrastructure for regulated perps from scratch, eliminating the need for brokers and clearinghouses. Josh breaks down the 3.5-year regulatory journey with ESMA, ECB, and DNB to bring perps onshore, why CFDs are broken, and how regulation is now a competitive edge in Europe. They also unpack the strategy and execution behind the spinout from Bitpanda, and what it really takes to build next-gen trading infrastructure from the ground up.

Key Chapters 

• 00:00 Introduction to One Trading and Its Vision

• 04:55 Josh's Career Journey from JP Morgan to the Spinout of One Trading

• 09:54 JP Morgan's Crypto Perspective and Blockchain Innovation

• 14:50 Understanding the Trading Stack

• 20:12 The Evolution of Perpetual Futures

• 24:49 The Future of Derivatives Trading

• 29:54 The Bitpanda Spinout 

• 31:30 Competitive Landscape and Market Positioning

• 37:54 Quickfire Insights on Fintech and Crypro Trends

*This is NOT financial, tax, or legal advice*

Music by Marcelo Cataldo