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OSL Trading Platform Acquired License In Hong Kong

The OSL officially licensed in Hong Kong to provide automated trading services as well as regulated brokerage for digital assets. Recently, the...

Written by Wallebi Author · 1 min read >
OSL Trading Platform Acquired License

OSL is a fidelity-backed cryptocurrency trading platform. In fact, it is the first and only SFC-licensed digital asset platform in the world. This platform provides prime brokerage, exchange, custody and SaaS services for both professional investors and institutional clients. OSL offers electronic trading services to traders in order to have access to the deepest liquidity pools in the world. In addition, it provides wallet services to store digital assets safe and secure. Recently, OSL trading platform acquired license in Hong Kong.

 

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OSL receives license from Hong Kong

The OSL officially licensed in Hong Kong to provide automated trading services as well as regulated brokerage for digital assets. In fact, OSL is a major Asian digital assets platform. In addition, it is a unit of Fidelity-backed BC group. Recently, the Securities and Futures Commission of Hong Kong officially licensed this platform.

In fact, the SFC accepted in August 2020 to issue OSL a license. After a while, it announced on Dec. 15 that OSL Digital Securities is regulated to provide automated trading and brokerage services for digital assets. It  is mentioned in the announcement that OSL could successfully pass all the requirements of SFC.

OSL trading platform acquired license in Hong Kong; What is OSL Digital Securities?

Basically, OSL is a platform, which offers insurance protection on digital assets. The platform supports Ether (ETH) and Bitcoin (BTC). Moreover, it supports STOs (Security Token Offerings). In order to use the platform, clients must complete the KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) procedures. In fact, these procedures are applied in order to prevent market abuses.

OSL is looking for more approvals

The OSL also applied for Monetary Authority of Singapore in order to acquire a license from Singapore Payment Services Act. The company hopes that could expand their business globally by receiving more approvals from different countries and be one the regulated and secured platforms.

Written by Wallebi Author
Author and analyst in the field of cryptocurrency Profile

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