TechFlow news, November 4 — According to an official announcement today, OSL Group (863.HK), a Hong Kong-listed company focused on digital assets, revealed that its wholly-owned subsidiary has signed a share purchase agreement to acquire 81.38% equity of CoinBest K.K. ("CoinBest"), a crypto asset trading service provider licensed by Japan's Financial Services Agency (FSA). This move marks a key strategic step for OSL Group in entering the Japanese market.
The Japanese market already had over 5.16 million active digital asset users in 2023, tripling since 2018. Japan has become one of the most mature and vibrant markets in the Asia-Pacific region, featuring rapidly growing adoption and investment volumes in digital assets. By acquiring CoinBest, OSL Group aims to drive product and service innovation across its trading platforms—including OSL Digital Securities, a Hong Kong-licensed digital asset exchange—enhance global trading liquidity, enable resource sharing and best practices, and ultimately generate strong business synergies.
