OSL Group Acquires 81.38% Stake in CoinBest K.K., Expanding in Japan's Crypto Market with 5M Users

Nov 4, 2024, 07:34 PM

OSL Group has announced its acquisition of an 81.38% stake in CoinBest K.K., a cryptocurrency exchange licensed by the Japanese Financial Services Agency. This strategic move allows OSL to expand its presence in Japan's burgeoning crypto market, which boasts over 5 million users. By acquiring CoinBest, OSL aims to enhance its resources and liquidity, positioning itself to capitalize on the growing demand for cryptocurrency services in the region. The acquisition is seen as a significant step for OSL as it seeks to leverage local insights and strengthen its foothold in Asia's competitive crypto landscape.