OSL Digital Securities, a subsidiary of Hong Kong-based BC Technology Group, has become one of the first licensed exchanges in Hong Kong to receive regulatory approval to trade cryptocurrency for non-professional investors. With the support of Fidelity, OSL intends to offer regulated brokerage and automated trading services to its users.
“Based on a license from the Securities and Futures Commission of Hong Kong, OSL Digital Securities offers retail investors the opportunity to register on its platform and access digital asset products ranging from the popular cryptocurrencies bitcoin and ether,” the exchange said in a press statement.
OSL had earlier joined the voluntary licensing procedures and received prior approval from Hong Kong’s financial regulators stipulated for cryptocurrency service providers.
In May, OSL Asset Management announced
that it had received a license from the Securities and Futures Authority of Hong Kong to provide services to corporate clients and launch its first cryptocurrency investment fund for institutional clients.