[Exchanges](https://revain.org/exchanges/) › OSL

# OSL: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: OSL Digital Securities Limited (Hong Kong, operator of OSL Exchange)
- **Fees**: Spot taker: Flash Trade and OTC Trade are all-in prices with no separate fee.
- **Risks and caveats**: OSL holds client digital assets in custody, as its terms state.
- **Checked**: 1 November 2026

## Key facts

- **Type**: Centralized exchange
- **Operator**: OSL Digital Securities Limited (Hong Kong exchange); OSL Bermuda Limited (global platform)
- **Official site**: [osl.com](https://www.osl.com/)

Key facts checked on 1 November 2026 against official sources and regulator registers.

## What is OSL

OSL is a digital asset trading and stablecoin payment business of OSL Group, a company listed in Hong Kong (HKEX: 863). Its Hong Kong platform, OSL Exchange, is run by OSL Digital Securities Limited, an SFC-licensed virtual asset trading platform; the global site also offers business accounts, OTC trading, payments and treasury services.

## Good to know

- OSL says regulatory claims depend on which OSL company provides a service; group companies hold separate licences and registrations. [↗](https://www.osl.com/en)
- On the global site osl.com/en, the client agreement is with OSL Bermuda Limited, regulated by the Bermuda Monetary Authority, acting for OSL AU Pty Ltd. [↗](https://www.osl.com/en/termsAndConditions)
- Derivatives on the global platform, including perpetual futures with funding fees every eight hours, are offered only to eligible customers. [↗](https://www.osl.com/en/termsAndConditions)
- OSL acts as brand operator and distributor of USDGO, a US dollar stablecoin issued by Anchorage Digital Bank N.A., launched in February 2026. [↗](https://www.osl.com/hk-en/press-release/osl-group-2026-interim-results-stablecoin-payment-infrastructure)
- OSL warns of fake websites and names osl.com and group.osl.com as its official addresses. [↗](https://www.osl.com/hk)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Pro Trade order book, Flash Trade quotes and OTC trading. |
| Derivatives | Leveraged derivatives trading (perpetual futures) for eligible customers of OSL Bermuda Limited. |
| Staking / Earn | Staking service in Hong Kong; OSL calls itself one of the first SFC-licensed staking providers there. |
| Custody / wallet | Institutional custody, including custody for Hong Kong spot crypto ETFs. |
| Fiat deposits | Business accounts, payment collection and payouts in many currencies (OSL BizPay); fiat on/off-ramp via Banxa. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Hong Kong | OSL Digital Securities Limited | Licensed virtual asset trading platform (OSL Exchange), CE reference BPJ213, licence dated 15 December 2020 | [Securities and Futures Commission (SFC)](https://www.sfc.hk/en/Welcome-to-the-Fintech-Contact-Point/Virtual-assets/Virtual-asset-trading-platforms-operators/Lists-of-virtual-asset-trading-platforms) |
| Bermuda | OSL Bermuda Limited | Class F Digital Asset Business licence no. 202404162, effective 30 July 2025; covers exchange, custody and derivative exchange activities | [Bermuda Monetary Authority (BMA)](https://www.bma.bm/regulated-entities) |

## Security and audits

- OSL says OSL Digital Securities Limited maintains its own insurance cover of up to US$1 billion.
- Custody uses cold, warm, hot and MPC wallets with asset segregation, according to OSL.

## Security incidents

No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): [defillama.com/hacks](https://defillama.com/hacks), [hacked.slowmist.io](https://hacked.slowmist.io/), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [osl.com/hk-en/press-release](https://www.osl.com/hk-en/press-release), [apps.sfc.hk/publicregWeb/corp/BPJ213/details](https://apps.sfc.hk/publicregWeb/corp/BPJ213/details)

## Fees

| Parameter | Details |
|---|---|
| Spot taker | Flash Trade and OTC Trade are all-in prices with no separate fee. |
| Withdrawals | Exchange custody fees (monthly account maintenance, statements, audit confirmations) are currently waived. |

## Who can use it

- Services are not offered in sanctioned countries or in other places OSL chooses; no country list is published in the client terms.

## History

| Date | Event |
|---|---|
| October 2018 | OSL presents itself as a digital asset brokerage for institutional OTC trading. |
| 15 December 2020 | The SFC licenses OSL Digital Securities Limited to operate the OSL Exchange virtual asset trading platform. |
| January 2021 | OSL is the digital asset business of BC Technology Group Co., Ltd., with offices in Hong Kong and Singapore. |
| 30 July 2025 | OSL Bermuda Limited's BMA Class F digital asset business licence takes effect. |
| January 2026 | OSL completes its acquisition of Banxa Holdings Inc. |
| February 2026 | OSL launches USDGO, a US dollar stablecoin issued by Anchorage Digital Bank N.A. |

## Risks and caveats

- OSL holds client digital assets in custody, as its terms state.
- Leveraged derivatives are offered on the global platform; positions carry funding fees every eight hours.
- Each OSL service comes from a specific group company, and the licence of one company does not cover another.

## About the company

- **Legal entity**: OSL Digital Securities Limited (Hong Kong, operator of OSL Exchange)
- **Parent company**: OSL Group, listed on the Hong Kong Stock Exchange (HKEX: 863)
- **Formerly**: In January 2021 the listed parent was named BC Technology Group Co., Ltd.
- **Legal entity**: OSL Bermuda Limited (Bermuda), counterparty for the global platform and derivatives

## Official links

- Website: [www.osl.com/en](https://www.osl.com/en)
- Fees: [www.osl.com/en/fees](https://www.osl.com/en/fees)
- Terms of use: [www.osl.com/en/termsAndConditions](https://www.osl.com/en/termsAndConditions)
- Licences: [www.sfc.hk/en/Welcome-to-the-Fintech-Contact-Point/Virtual-assets/Virtual-asset-trading-platforms-operators/Lists-of-virtual-asset-trading-platforms](https://www.sfc.hk/en/Welcome-to-the-Fintech-Contact-Point/Virtual-assets/Virtual-asset-trading-platforms-operators/Lists-of-virtual-asset-trading-platforms)
- Blog: [www.osl.com/hk-en/press-release](https://www.osl.com/hk-en/press-release)

## Questions and answers

**Is OSL regulated?**

OSL Digital Securities Limited, which runs OSL Exchange, is on the SFC's list of licensed virtual asset trading platforms in Hong Kong (licence dated 15 December 2020). OSL Bermuda Limited holds a BMA Class F digital asset business licence.

**Who owns OSL?**

OSL belongs to OSL Group, which is listed on the Hong Kong Stock Exchange under code 863. In 2021 the listed parent was called BC Technology Group.

**What are OSL's fees?**

OSL says Flash Trade and OTC trades are all-in prices with no extra fee, and exchange custody fees are currently waived.

**Does OSL offer futures?**

Yes, OSL Bermuda Limited offers derivatives such as perpetual futures to eligible customers on the global platform.

## Sources

- [OSL - Home (global)](https://www.osl.com/en)
- [OSL - About us](https://www.osl.com/en/company/about-us)
- [OSL HK - About us](https://www.osl.com/hk-en/company/about-us)
- [OSL HK - Home](https://www.osl.com/hk)
- [OSL - Fees](https://www.osl.com/en/fees)
- [OSL - Client Terms and Conditions (December 2025)](https://www.osl.com/en/termsAndConditions)
- [OSL HK - Staking](https://www.osl.com/hk-en/staking)
- [OSL HK - Custody](https://www.osl.com/hk-en/custody)
- [OSL - Banxa](https://www.osl.com/en/banxa)
- [OSL - USDGO](https://www.osl.com/en/usdgo)
- [OSL Group - 2026 interim results press release](https://www.osl.com/hk-en/press-release/osl-group-2026-interim-results-stablecoin-payment-infrastructure)
- [SFC - Lists of virtual asset trading platforms](https://www.sfc.hk/en/Welcome-to-the-Fintech-Contact-Point/Virtual-assets/Virtual-asset-trading-platforms-operators/Lists-of-virtual-asset-trading-platforms)
- [BMA - Regulated entities (OSL Bermuda Limited)](https://www.bma.bm/regulated-entities)
- [OSL - Home (Wayback, 31 October 2018)](https://web.archive.org/web/20181031114311/https://osl.com/)
- [BC Technology Group - Investor overview (Wayback, 7 January 2021)](https://web.archive.org/web/20210107174358/https://bc.group/)

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Page updated: 2026-11-01

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Source: https://revain.org/exchanges/osl/