OSL Digital Securities in Hong Kong has received SFC approval to enable Solana trading, opening up new opportunities for retail investors.
SFC Approval for Solana Trading
OSL Digital Securities, registered in Hong Kong, has received approval from the Securities and Futures Commission (SFC) to enable Solana trading. This significant event marks a new stage in trading accessibility for retail clients on a licensed platform.
New SOL/HKD and SOL/USD Trading Pairs
The platform, led by CEO Hugh Madden, announced the launch of new trading pairs: SOL/HKD and SOL/USD. This expansion provides Hong Kong investors with additional trading opportunities amidst growing interest in blockchain-based assets.
Market Impact and Investor Demand
With the launch of Solana trading on OSL's platform, deposit and withdrawal operations will commence. This diversifies trading options for Hong Kong investors and responds to the increasing demand for crypto assets. Hugh Madden noted that the new solution aligns with investor protection standards: "This approval expands regulated access beyond BTC and ETH to high-performance networks like Solana, under the same compliance and investor protection standards retail clients expect in Hong Kong."
The approval for Solana trading represents a significant advance in the development of the regulated asset market in Hong Kong, providing new opportunities for retail investors and potentially increasing liquidity on the platform.
