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Xinmei Shen

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.
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”.
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.

The Securities and Futures Commission has so far approved only five cryptocurrency tokens for retail trading in the city: bitcoin, ether, Solana, Avax and Link.
Professional trading in BNB tokens for OSL started just days after Zhao made a series of public appearances last week, when he spoke at the city’s second Bitcoin Asia conference and at another event at the University of Hong Kong.
In an exclusive interview last week with the Post, Zhao said Hong Kong had the potential to become a major digital asset hub, but added that the city needed to move quickly.
He suggested that Hong Kong should immediately expand the range of cryptocurrencies permitted for trading on licensed exchanges in the city.
As of Wednesday, BNB was the world’s fifth-largest cryptocurrency token by total market value, according to data on CoinGecko. Zhao is the largest owner of BNB tokens, holding nearly two-thirds of those in circulation.
Zhao’s cryptocurrency business has recently increased its activities in Hong Kong. China Renaissance, a Chinese investment bank behind the financing of some of the mainland’s biggest tech firms, last month announced a partnership with Zhao’s family office, YZi Labs, and bought US$100 million worth of BNB tokens.
In a statement, China Renaissance said it would “help facilitate compliant listings” of BNB on licensed Hong Kong virtual asset exchanges, as well as promote the BNB Chain’s adoption by listed companies in the city in stablecoin and real-world asset tokenisation-related use cases.


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OSL now allows 24 types of cryptocurrency tokens to be traded by professional investors in the city


OSL now allows 24 types of cryptocurrency tokens to be traded by professional investors in the city.


Hong Kong crypto exchange OSL starts institutional trading of Binance-backed BNB tokens

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}OSL now allows 24 types of cryptocurrency tokens to be traded by professional investors in the city

OSL now allows 24 types of cryptocurrency tokens to be traded by professional investors in the city