OSL Group, operator of Hong Kong’s first listed and licensed virtual asset trading platform, on Wednesday also became the first exchange in the city to support professional trading of BNB, the cryptocurrency backed by Binance founder Zhao Changpeng.
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Trading of BNB on OSL was strictly limited to institutional investors with a portfolio of at least HK$8 million (US$1.02 million), who are allowed to trade the token with US dollars as well as the world’s two largest stablecoins, USDT and USDC.
In a post on X on Wednesday, Zhao – also known as CZ – acknowledged BNB’s milestone as the latest “cryptocurrency to be traded on a Hong Kong-licensed exchange”.
The addition of BNB trading in Hong Kong reflects efforts to buttress the city’s credentials as a major digital asset hub.
This marked “a major step forward for Hong Kong’s virtual asset market”, OSL Group CEO Kevin Cui said on Wednesday. He added that OSL expected “strong demand from Asian institutional and professional investors for regulated access to digital assets beyond bitcoin and ether”.
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OSL has now allowed 24 types of crypto tokens to be traded by professional investors, the company told the Post on Wednesday. HashKey Exchange, one of the city’s first licensed exchanges, has made 26 tokens available for professional trading.
