According to a message from TechFlow on November 4th, the Hong Kong listed company OSL Group (863.HK), which focuses on digital assets, announced today that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in the crypto asset trading service provider CoinBest K.K., which is licensed by the Financial Services Agency (FSA) of Japan. This move is an important strategy for OSL Group's entry into the Japanese market.

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<p>According to Deep Tide TechFlow news, on November 4th, OSL Group (863.HK), a Hong Kong-listed company focused on digital assets, announced today that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in the cryptocurrency trading service provider CoinBest K.K. (hereinafter referred to as CoinBest), which is licensed by the Financial Services Agency of Japan (FSA). This move is a significant strategy for OSL Group to enter the Japanese market.</p>
<p>The Japanese market 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 rapidly growing adoption rate and investment volume in digital assets. By acquiring 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 volume, achieve resource sharing and best business practices, thereby creating business synergies.</p>
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OSL Group Acquires CoinBest, a Compliant Cryptocurrency Exchange in Japan