Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple
The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.
The collaboration is further evidence of an institutional crypto charge happening in innovation-friendly trading hubs like Hong Kong.
BC's OSL exchange is the first crypto brokerage to receive Hong Kong regulators' blessing.
The launch of live trading comes after the exchange was granted Securities and Futures Commission licenses last August.
The offering represents 13% of the company's issued share capital.
Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.