CandleFocus Hong Kong’s OSL Group acquires Japanese crypto exchange CoinBest
2024-11-04
Author: Content Editor
Hong Kong-based OSL Group has announced plans to acquire an 81.38% stake in CoinBest, a Japan-based cryptocurrency exchange licensed by the Financial Services Agency (FSA). The move is seen as a strategic step into the Japanese market, which has been experiencing rapid growth in cryptocurrency adoption. OSL aims to create business synergies and enhance global trading liquidity through the acquisition. The deal comes as Japan's crypto landscape anticipates legislative changes, including a review of the taxation system and a potential allowance for exchange-traded funds. The financial details of the acquisition were not disclosed.
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