OSL Group has introduced new exchange services allowing for the conversion of fiat currency into stablecoins as part of its global expansion.
Features of the New Platform
The OSL platform allows instant conversion between USDC and US dollars at a 1:1 ratio. This simplifies fund transfers and minimizes delays and slippage often experienced by cryptocurrency users. The service will also include limited-time bitcoin rewards for trades involving other major tokens.
Regulatory Framework and International Expansion
Founded in 2018, OSL is one of Asia’s oldest digital asset firms. The company became the first publicly listed crypto exchange in Hong Kong and received a license for virtual asset trading from the Hong Kong Securities and Futures Commission. OSL also holds licenses in Singapore and the UK, enabling it to operate across multiple jurisdictions.
Future Plans and Market Competition
OSL plans to expand its services to include derivatives, lending, and additional offerings for both retail and institutional clients. The launch comes amid increasing competition among exchanges to attract stablecoin flows. OSL aims to enter a market dominated by US players, seeking to differentiate itself through its regulatory credentials and banking partnerships.
The launch of OSL Group's new exchange services marks a significant step in the company's international expansion and may impact the stablecoin market.
