Share this article
OSL, Hong Kong's First Regulated Crypto Exchange, Commences Live Trading
The launch of live trading comes after the exchange was granted Securities and Futures Commission licenses last August.
Updated Sep 14, 2021, 12:26 p.m. Published Mar 15, 2021, 10:46 a.m.
Trading on the first licensed cryptocurrency exchange in Hong Kong has gone live.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to a press release shared with CoinDesk on Monday, BC Group subsidiary OSL has executed its first customer trades through its trading desk.
The crypto trading platform is the only one in the jurisdiction to hold both the Type-1 and Type 7 licenses first granted by Hong Kong’s Securities and Futures Commission (SFC) in August 2020. A type-1 allows the platform to deal in securities, while a Type-7 license permits digital asset activity. The exchange is also audited by "Big Four" accounting firm PwC.
Huobi recently announced it had been granted Type-4 and Type-9 licenses from the SFC to manage and advise on securities investments.
OSL's first live trades comes after a trial-use period that was completed with the participation from trading partners and investors, according to the release.
See also: BC Group, VSAL Join Forces to Serve Institutional Bitcoin Market in Asia
The exchange targets institutional and professional investors providing them with custody, prime brokerage, exchange and software as a service.
"With today’s trades, we break new ground for financial services in Asia," said OSL CEO Wayne Trench. "Trading and storing digital assets like bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator."
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Filecoin Declines 7%, Breaking Below $1.43 Support
The token now has support at the $1.37 level and resistance at $1.43.
What to know:
- FIL slumped from $1.48 to $1.38, breaking key support with an 85% volume spike
- The technical breakdown confirms a trend reversal from the December highs near $1.55.
Top Stories
