OSL Group Acquires Japan's Compliant Cryptocurrency Exchange CoinBest

BlockBeats news, on November 4, 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 81.38% of the shares in CoinBest K.K., a cryptocurrency trading service provider licensed by the Financial Services Agency (FSA) of Japan (hereinafter referred to as "CoinBest"). This move is a significant strategy for OSL Group to enter the Japanese market. The Japanese market already had over 5.16 million active digital asset users in 2023, tripling since 2018. Japan has become one of the more mature and rapidly developing markets in the Asia-Pacific region, with a swiftly growing penetration rate and investment volume in the digital asset market. Through the acquisition of CoinBest, OSL Group aims to promote product and service innovation between its trading platforms (including the Hong Kong licensed digital asset trading platform OSL Digital Securities), enhance global trading liquidity, achieve resource sharing and best business practices, thereby creating business synergies.