Hong Kong- based crypto platform OSL shares jump on Canadian acquisition
Hong Kong-listed shares of OSL Group jumped 10% to their highest in almost four years on Monday after the digital asset trading platform said it had acquired Canadian-based crypto infrastructure provider Banxa.
The Banxa deal announced late on Friday is the latest in a string of overseas asset purchases over the past year. OSL’s finance chief said it would accelerate its global expansion plans to tap into growing interest in cryptocurrencies.
