Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, December 09 2021 - 01:10
AsiaNet
OSL Exchange Expands Access to Institutional Investors in USA and Canada
CHICAGO, Dec. 8, 2021 /PRNewswire-AsiaNet/ --

-Zero trading fees offered to clients until the end of 2021 to mark OSL's North 
America growth 
-Access available through REST API, FIX 4.4 Protocol, GUI Modular and Talos' 
 market leading OMS 
-Exchange aggregates global liquidity from OSL's leading institutional clients

OSL, a leader in digital asset brokerage, exchange, custody  and 
software-as-a-service (SaaS) offerings and member of BC Technology Group (stock 
code 863 HK), announced today that it has expanded access to its secure, 
compliant, and liquid cryptocurrency exchange to professional customers in the 
United States and Canada, with zero trading fees offered to clients until the 
end of the year to celebrate OSL's expansion into North America. 

OSL's Exchange offers secure and frictionless trading, allowing professional 
traders access via REST API, FIX 4.4 protocol, GUI based click trading and via 
market-leading order management systems (OMS), including Talos'. The Exchange 
has an aggregated order book from a global pool of professional counterparties 
across markets and delivers unrivaled access to deep pools of liquidity for a 
variety of tokens, such as: BTC, ETH, USDT, LTC and BCH. OSL will also add 
additional tokens to the platform in the coming weeks (following regulatory 
review and subject to terms and conditions), with new tokens providing 
investors with expanded access to altcoins and DeFi platforms.

OSL's Exchange platform global volumes have grown 300% in the last six months 
of trading and the OSL platform ranked in the top 25 global spot exchanges on 
multiple days last month, with daily exchange platform volumes as high as 
USD220 million during the October to November period. This growth has been 
driven by OSL Exchange's expansion into Latin America, where live volumes have 
doubled month on month, with a strong pipeline of institutional clients 
onboarding each week.

"Institutional demand for digital assets has never been higher, and we're 
thrilled to bring our leading, highly compliant OSL Exchange to professional 
investors in North America," said OSL Head of Americas Fernando Martinez. "With 
a strong track record of growth already established in Asia and Latin America, 
we're very encouraged by the potential for continued rapid expansion in the USA 
and Canada."

The OSL Exchange was built with institutional-grade standards of compliance and 
security, including industry leading AML and KYC processes. In addition to 
enabling one-click trading through a user-friendly interface, OSL Exchange also 
supports both FIX and REST API connectivity, allowing managers to integrate and 
customize their systems to cover the full functionality of the exchange from 
order entry to market data and fund transfer and administration. 

In June, OSL announced a joint venture with Standard Chartered Bank's SC 
Ventures ( 
https://osl.com/en/press-release/standard-chartered-and-bc-group-partner-to-establish-europe-based-institutional-digital-asset-trading-venture/ 
) to launch a digital asset brokerage and exchange in the UK and Europe under 
the Zodia Markets brand. The JV is focused on an institutional customer base 
including sovereign wealth funds, family offices, hedge funds and corporates 
and is currently undergoing a regulatory registration process with the UK's 
Financial Conduct Authority and the Central Bank of Ireland. Former BC Group 
CIO Usman Ahmad began his tenure as CEO of the venture in August. 

On 1 December, OSL announced that it had appointed Jeffrey Howard, a 25-year 
prime brokerage and listed derivatives veteran, as Head of North America 
Business Development and Institutional Sales. In conjunction with the hire, OSL 
acquired a Money Services Business (MSB) registration from the United States 
Department of the Treasury's Financial Crimes Enforcement Network (FinCEN).

About OSL and BC Technology Group

Backed by Asia's leading public fintech and digital asset company, BC 
Technology Group (stock code: HK 863), OSL is the region's most comprehensive 
licensed digital asset platform. 

OSL is the world's first and only insured and SFC-licensed digital asset 
platform, providing prime brokerage, custody, exchange and SaaS services for 
institutional clients and professional investors.

OSL Americas offers a market-leading prime brokerage, including electronic and 
OTC execution and coin borrowing and lending, and access to deep pools of 
digital asset liquidity. It also provides industry leading digital asset SaaS 
to institutional clients across the region. 

OSL Americas' over-the-counter (OTC) and electronic RFQ/API offer access to 
unparalleled market liquidity with complete privacy, capital efficiency and 
guaranteed price quotes. Each trade is conducted and executed directly with the 
customer and with no on-exchange price slippage or order book discovery. This 
ensures instant, seamless, secure transactions with near instant settlement.

BC Group and the OSL platform are enabling institutional adoption of the 
digital asset class, setting the global standard for performance, security and 
compliance.

For more information: bc.group and osl.com.

[1] Based on publicly available information, including 
https://ftx.com/volume-monitor

Source: OSL