Key Highlights:
OSL secures 81% stake in CoinBest.
Japan's crypto market booming with a 238% rise in active accounts since 2018.
Japan’s tax policy easing and push for ETF approvals sets the stage for growth.

OSL Storms Japan’s Crypto Scene, Secures Major Stake in CoinBest

Hong Kong-based digital asset platform OSL has made a significant move in Japan’s cryptocurrency market, securing an 81% stake in local exchange CoinBest. This acquisition places OSL in a prime position to tap into Japan’s rapidly expanding crypto landscape. The country is currently experiencing a surge in interest, with over 5.16 million active crypto accounts recorded in the previous year. This marks a dramatic rise of 238% since 2018, underlining the market's growing momentum. The timing of this acquisition could not be more strategic. Japan’s regulatory environment is becoming more favorable for crypto, with regulators easing tax policies and making the country an increasingly attractive destination for digital asset companies. Additionally, there’s a push from key players within the crypto industry for ETF approvals, further fueling optimism for the market’s future. OSL’s investment in CoinBest is more than just a business expansion; it’s a statement of confidence in Japan’s emerging role as a key global player in the crypto ecosystem. As the regulatory landscape continues to evolve, OSL’s strong position in Japan could provide valuable leverage as the country strengthens its place in the broader crypto market.

OSL's Acquisition: 81% Stake in CoinBest

Active Crypto Accounts in Japan: 5.16M (238% increase since 2018)

Japan’s Regulatory Focus: Easing tax policies and push for ETF approvals