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BC Technology Denies Report of $128M Crypto Exchange Sale
Firm calls report by Bloomberg “factually inaccurate and highly misleading.”
Updated Oct 17, 2023, 5:19 p.m. Published Oct 17, 2023, 5:19 p.m.
OSL, a Hong Kong-based licensed crypto exchange, is not for sale, according to a recent filing by its parent company.
BC Technology, which owns OSL, said that Bloomberg’s report about the pending sale is “factually inaccurate and highly misleading” in a filing with the Hong Kong Stock Exchange. Bloomberg initially reported that the exchange was on the market at a valuation of 1 billion Hong Kong dollars ($128 million).
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The exchange and HashKey are the only two to secure crypto licenses in Hong Kong under the new regulations passed in June, allowing them to serve retail customers, with the application process costing between $12-$20 million, sources told CoinDesk at that time.
Speaking with the South China Morning Post, a spokesperson for BC Technology said, "we have seen increasing client interest in OSL’s services following the enforcement actions taken against unlicensed and unlawful players in Hong Kong in recent weeks,” referring to the closure of JPEX and subsequent arrests.
BC Technology’s stock fell 22% at the close in Hong Kong.
According to the firm's public balance sheet, OSL is BC Technology’s primary income source.
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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.
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