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Hong Kong: OSL digital currency exchange lays off employees
OSL spokesperson also noted that the exchange had adjusted its business model to focus more on software-as-a-service, as well as professionals and institutional services.
OSL spokesperson also noted that the exchange had adjusted its business model to focus more on software-as-a-service, as well as professionals and institutional services.
The Hong Kong based group, which runs cryptocurrency exchange OSL, issued 45 million shares at HK$15.50, raising a total of HK$697 million—roughly equivalent to $90 million.
BC Technology Group, which owns and operates OSL, is hoping to raise the funding at a time of significant growth in demand for digital assets in local and regional markets.
OSL does not provide services to retail investors, with its clientele restricted to institutions, high net worth individuals (over US$1 million and above) and family offices.
Fidelity has acquired a 5.6% stake in Hong Kong digital assets firm BC Group for $14 million. BC Group operates one of Asia’s largest pro crypto platform