(Hong Kong, November 4, 2024) – OSL Group Limited (863.HK), a Hong Kong-listed digital asset-focused company, today announced that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in CoinBest K.K., a Japan Financial Services Agency (FSA)-licensed crypto asset trading service provider. This strategic acquisition marks OSL Group's official entry into the Japanese market and represents a significant milestone in its global expansion.
Japan's Thriving Crypto Market: Over 5.16 Million Active Digital Asset Users in 2023*
Japan has emerged as one of Asia-Pacific's most mature and vibrant regulated digital asset markets, with rapidly growing adoption rates and trading volumes. By acquiring CoinBest—a licensed exchange—OSL Group aims to:
- Enhance product innovation across its platforms (including OSL Digital Securities, Hong Kong's licensed digital asset exchange)
- Boost global liquidity and trading efficiency
- Share resources and best practices to create synergies
*Source: Statista
Shared Vision for Regulated Digital Finance
Mr. Wong Koon Man, OSL Group's Chief Investment Officer, stated:
"This acquisition is a pivotal moment for OSL, launching our presence in Japan and a new chapter in global growth. We bring our proven expertise in OTC trading, custody, and exchange services while gaining valuable market insights to strengthen our competitive edge."
Raku Tosei, CEO of CoinBest, commented:
"OSL’s partnership will elevate CoinBest’s compliant digital asset services. This collaboration underscores our commitment to innovation and delivering top-tier products to investors."
The transaction will be executed through OSL’s wholly-owned subsidiary, OSL Investment (Japan) Limited.
About CoinBest
Founded in 2017, CoinBest K.K. is a Japan FSA-licensed virtual asset exchange offering:
- Cryptocurrency trading
- Blockchain development
- OTC advisory services
👉 Visit CoinBest’s official website
About OSL
OSL Group (863.HK) is Asia’s leading regulated digital asset platform, providing:
- Institutional-grade brokerage, exchange, and custody services
- SaaS technology solutions
- Insured wallet security
👉 Explore OSL’s compliant ecosystem
Media Contact:
[[email protected]](mailto:[email protected])
FAQs
Q: Why did OSL Group choose Japan for expansion?
A: Japan’s strict regulatory framework and growing crypto adoption (5.16M+ users) align with OSL’s compliance-focused strategy.
Q: What services will CoinBest offer post-acquisition?
A: Existing services continue, with enhanced liquidity and OSL’s institutional-grade infrastructure.
Q: How does this benefit OSL’s global clients?
A: Shared technology and liquidity pools improve cross-market trading efficiency.
Q: Is CoinBest’s license affected by the acquisition?
A: No—operations remain fully compliant under Japan FSA oversight.
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