Hong Kong crypto exchange OSL starts institutional trading of Binance-backed BNB tokens

Trading of BNB on OSL was strictly limited to institutional investors with a portfolio of at least HK$8 million (US$1.02 million), who are allowed to trade the token with US dollars as well as the world’s two largest stablecoins, USDT and USDC.
In a post on X on Wednesday, Zhao – also known as CZ – acknowledged BNB’s milestone as the latest “cryptocurrency to be traded on a Hong Kong-licensed exchange”.

The addition of BNB trading in Hong Kong reflects efforts to buttress the city’s credentials as a major digital asset hub.

This marked “a major step forward for Hong Kong’s virtual asset market”, OSL Group CEO Kevin Cui said on Wednesday. He added that OSL expected “strong demand from Asian institutional and professional investors for regulated access to digital assets beyond bitcoin and ether”.

OSL has now allowed 24 types of crypto tokens to be traded by professional investors, the company told the Post on Wednesday. HashKey Exchange, one of the city’s first licensed exchanges, has made 26 tokens available for professional trading.
Binance founder and former CEO Zhao Changpeng, also known as CZ, in Hong Kong on August 28, 2025. Photo: SCMP
Binance founder and former CEO Zhao Changpeng, also known as CZ, in Hong Kong on August 28, 2025. Photo: SCMP

Source link

Visited 1 times, 1 visit(s) today

Related Article

Investigators seized metallic pigments and other items during the raid. Photo: Handout

Couple arrested in Hong Kong guest house for allegedly making fake banknotes

A middle-aged couple have been arrested in a Hong Kong guest house for allegedly producing counterfeit banknotes. Police said on Wednesday that they had arrested the pair – an American man and a Filipino woman – after a tip-off and an investigation led authorities to a suspected criminal syndicate involved in manufacturing fake Hong Kong

3 September 2025
Zhitong Hong Kong Stock Analysis

Zhitong Hong Kong Stock Analysis

There is nothing to hide. Although the stock market is falling today, the positive boosting effect brought about by the military parade will not go away. Sooner or later, the market will come back to its senses. Sooner or later, the problems will come back to their senses. [Anatomy Platter] The market was quite excited

3 September 2025
Investigators seized metallic pigments and other items during the raid. Photo: Handout

Couple arrested in Hong Kong guest house for allegedly making fake banknotes

A middle-aged couple have been arrested in a Hong Kong guest house for allegedly producing counterfeit banknotes. Police said on Wednesday that they had arrested the pair – an American man and a Filipino woman – after a tip-off and an investigation led authorities to a suspected criminal syndicate involved in manufacturing fake Hong Kong

3 September 2025
Financial woes of Hong Kong’s West Kowloon arts hub deepen amid weak spending

Financial woes of Hong Kong’s West Kowloon arts hub deepen amid weak spending

The managing authority for Hong Kong’s arts hub is contending with deepening financial woes and weakened local spending, with its revenue in the 2024-25 financial year contracting by 18 per cent and its operating deficit ballooning to HK$769 million (US$98.5 million). According to a legislative paper released on Wednesday, the West Kowloon Cultural District Authority’s

3 September 2025
Hong Kong Customs seizes suspected methamphetamine worth about $2 million at airport Source: HKSAR Government Press Releases

Hong Kong Customs Seizes $2 Million in Methamphetamine at Airport, Arrests Passenger.

Hong Kong Customs seizes suspected methamphetamine worth about $2 million at airport ​Hong Kong Customs detected a drug trafficking case involving baggage concealment at Hong Kong International Airport today (September 3) and seized about four kilograms of suspected methamphetamine with an estimated market value of about $2 million. A 48-year-old male passenger arrived in Hong

3 September 2025
Hong Kong court orders Foodpanda to pay HK$1.3 million to rider injured in storm

Hong Kong court orders Foodpanda to pay HK$1.3 million to rider injured in storm

A Hong Kong court has ordered on-demand food delivery platform Foodpanda to pay more than HK$1.3 million in compensation to a worker who injured himself during a tropical storm five years ago, ruling that the company failed to ensure the employee’s safety in extreme weather. The High Court on Wednesday ruled in favour of Farooq

3 September 2025
Hong Kong authorities look into complaints over new shoes procured for lifeguards

Hong Kong authorities look into complaints over new shoes procured for lifeguards

Hong Kong authorities are looking into complaints about new government-supplied shoes after a lifeguard union received more than 100 reports of discomfort or foot injuries, becoming the second procurement issue to be raised in recent weeks. The Hong Kong and Kowloon Life Guard’s Union earlier revealed that the Leisure and Cultural Services Department had previously

3 September 2025