Hong Kong OSL Exchange Starts Institutional BNB Trading

OSL Group has become the first licensed exchange in Hong Kong to support professional trading of BNB, the cryptocurrency backed by Binance founder Changpeng Zhao (CZ), offering token trading pairs against USD, USDT, and USDC exclusively for professional investors with portfolios of at least HK$8 million (US$1.02 million). This development marks a significant advancement for Hong Kong's virtual asset market, catering to growing institutional demand for regulated access to diverse digital assets beyond bitcoin and ether and positioning the city as a strategic hub for regulated crypto investments. OSL's CEO Kevin Cui and Chief Commercial Officer Zhang Yinghua emphasized the importance of BNB's integration for expanding the exchange's portfolio and providing high-quality digital assets to professional investors in Asia. CZ highlighted BNB’s milestone as the fifth cryptocurrency approved for trading on a licensed Hong Kong exchange, underlining Binance's commitment to regulatory compliance and the growing mainstream recognition of digital assets. The launch aligns with broader trends of increasing institutional interest, regulatory clarity, and the integration of cryptocurrencies into traditional financial markets, enhancing liquidity, portfolio diversification, and credibility for digital tokens. Overall, OSL’s move reflects a significant step toward legitimizing digital asset trading within regulated frameworks in Hong Kong and the wider Asian market.