Fidelity International Invests $6M in Firm Behind Hong Kong’s OSL Crypto Exchange
BC's OSL exchange is the first crypto brokerage to receive Hong Kong regulators' blessing.
Funding will go towards IT and non IT-related expenses, including staff costs, marketing expenses and expansion into other markets.
Initially targeting the European market, the U.K.-based company will seek to connect institutional traders to counterparties across markets.
Two of the hires, Joe Zhou and Arion Ho, join OSL from the Hong Kong Stock Exchange.
The launch of live trading comes after the exchange was granted Securities and Futures Commission licenses last August.
The collaboration is further evidence of an institutional crypto charge happening in innovation-friendly trading hubs like Hong Kong.