Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

OSL, a Hong Kong-based digital asset trading platform, has started offering its exchange services to professional and institutional investors in Argentina, Brazil, Colombia and México, the company said Tuesday.

The company, part of BC Group, a public technology and digital asset company, will provide institutional customers with “access to a global liquidity pool,” the company said.

Fernando Martinez, OSL’s head of Americas, told CoinDesk the company was addressing the growing demand for crypto services among institutional investors in Latin America and will serve regional funds, family offices and private banks.

“Until the end of the year, we have removed fees for professional investors and institutions that want to start interacting with our exchange,” Martinez said, adding that the exchange does not operate with local currencies but directly with U.S. dollars.

In recent months, large financial services firms in the region have launched a number of investment products. In June, blockchain investment firm QR Capital started trading its bitcoin exchange-traded fund (ETF) on the Brazil stock exchange. A month later, the firm listed an ether ETF on the same exchange after winning approval from regulators.

Earlier this month, the Mexican Stock Exchange (BMV) announced it is considering listing crypto futures on its derivatives exchange.

Martinez said OSL, the first and only digital asset company licensed by Hong Kong’s Securities and Futures Commission, would compete against regional platforms that are currently providing similar services.

OSL primarily offers brokerage and exchange services, and to a lesser extent, custodial services, Martinez said. He believes institutional crypto investment flow will soon equal retail investment flow in Latin America.




DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

CoinDesk - Unknown

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.