Hong Kong Crypto Exchange OSL Launches Operations in Latin America

The exchange is looking to address growing demand among institutional investors.

AccessTimeIconOct 20, 2021 at 2:10 a.m. UTC
Updated May 11, 2023 at 7:08 p.m. UTC
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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.

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  • 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.




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    Andrés Engler

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


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