Within the vast terrain of Asia’s crypto exchanges, OSL, operating under the aegis of Hong Kong’s BC Technology Group Ltd., has proved to be a standout, primarily because of its regulatory adherence. However, as recent revelations suggest, this acclaimed crypto platform may soon change hands, causing a stir in the crypto community.

Particularly, Bloomberg has revealed that BC Technology Group Ltd. is mulling over the potential sale of its celebrated crypto platform, OSL. It’s worth noting that OSL is one of the duo of exchanges privileged with a license according to the digital-asset guidelines introduced by the city in June.

Exploring Options, Valuations, And Potential Divestitures

According to Bloomberg, citing sources intimate with the ongoing discussions, the valuation estimates being considered for OSL hover around HK$1 billion, equivalent to approximately $128 million.

This valuation has emerged after BC Technology purportedly reached out to potential buyers, which includes established entities in the crypto space and investment funds.

Notably, OSL’s collection of services extends to offering prime brokerage, crypto custody, and a business infrastructure tailored for financial institutions aiming to venture into virtual asset trading.

Given the multifaceted nature of the

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Author: Samuel Edyme

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