OSL Group acquires Japanese compliant cryptocurrency trading platform CoinBest

2024-11-04 18:59:13

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ChainCatcher news, focusing on digital assets, Hong Kong-listed company OSL Group today announced that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in CoinBest K.K., a cryptocurrency trading service provider licensed by the Financial Services Agency (FSA) of Japan (hereinafter referred to as "CoinBest"). This move is an important strategy for OSL Group to enter the Japanese market.

The Japanese market had over 5.16 million active digital asset users in 2023, tripling since 2018. Japan has become one of the more mature and rapidly developing markets in the Asia-Pacific region, with a rapidly growing penetration rate and investment volume in the digital asset market.

By acquiring CoinBest, OSL Group aims to promote product and service innovation among its trading platforms (including the Hong Kong-licensed digital asset trading platform OSL Digital Securities), enhance global trading liquidity, achieve resource sharing and best business practices, thereby creating business synergies.

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