Hong Kong’s first regulated crypto exchange, OSL, launches cryptocurrency trading

On Monday, March 15, the institutionally oriented cryptocurrency platform OSL carried out the first real-time trades of digital assets.

OSL Digital Securities Limited ,member of @bctechgroup, today announced it’s official go-live with the execution of the first customer trades via it’s licensed trading desk. OSL DS holds a license for Type1 & 7 regulated activities from the HKSFC.https://t.co/F8j1orwmX3 pic.twitter.com/S0IZEYwonQ

— OSL (@osldotcom) March 15, 2021

OSL holds a license from the Hong Kong Securities and Futures Commission (SFC). The first real-time trades occurred after a pilot period in which partners and investors participated.

“Trading and custody of digital assets such as Bitcoin can be conducted safely in Hong Kong under the watch of a leading global regulator. This is an important milestone in the ongoing institutional adoption of digital assets on a global scale,” said Wayne Trench, CEO of OSL.

The crypto platform also provides brokerage, custody and SaaS-services. Its operator — a licensed SFC company BC Technology Group. It has undergone an audit by one of the Big Four firms.

In February 2020, Fidelity Investments, the financial holding, invested $14 million in BC Technology Group, becoming the holder of 5.6% of the shares.

Earlier in January 2021, the company increased its investment in the operator OSL — the investment totaled $6.71 million. At that time, Fidelity held 6.29% of BC Technology Group.

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