OSL Group Acquires Japanese Regulated Cryptocurrency Exchange CoinBest

BlockBeats News, November 4th, Hong Kong-listed company OSL Group, focused on digital assets, announced today that its wholly-owned subsidiary has signed a Share Purchase Agreement to acquire an 81.38% stake in CoinBest K.K., a cryptocurrency exchange service provider licensed by the Japan Financial Services Agency (FSA). This move is a key strategy for OSL Group to enter the Japanese market.

By 2023, the Japanese market already has over 5.16 million active digital asset users, tripled since 2018. Japan has become one of the maturely regulated and thriving markets in the Asia-Pacific region, with a rapidly growing digital asset market penetration rate and investment volume.

Through the acquisition of CoinBest, OSL Group aims to promote product and service innovation among its trading platforms (including the Hong Kong-licensed digital asset exchange OSL Digital Securities), increase global trading volumes, achieve resource sharing and best practices, thus creating business synergy.