OSL Group Completes Acquisition of Japanese Compliant Crypto Exchange CoinBest and Renames It OSL Japan

Odaily Planet Daily News Hong Kong-listed OSL Group has completed the acquisition of Japanese cryptocurrency exchange CoinBest and officially renamed CoinBest to OSL Japan, with an eye on global expansion. Kevin Cui, executive director and CEO of OSL Group, said in an interview that although Japan is a traditionally difficult market to penetrate, the acquisition of CoinBest provides an excellent opportunity to enter the Japanese market: "We will rely on the local team to expand our business in Japan." Cui pointed out that OSL has been focusing on global expansion since last year because its native Hong Kong market is relatively limited in terms of user base. "We tend to expand in jurisdictions with more mature regulatory frameworks, and Japan's cryptocurrency regulatory environment is comparable to Hong Kong."