Institutional digital assets trading platform OSL reported a 737% increase in revenue in 2019.
OSL’s operator BC Group, a Hong Kong Stock Exchange-listed enterprise, revealed the increase in an annual press release sent out Mar. 31. According to the update, OSL was the group’s largest earner in 2019, accounting for 44% of total revenue, up from 6% the year before.
The report called OSL’s growth and performance in 2019 “exceptional,” highlighting a year-on-year revenue of RMB72 million ($10.1 million) constituting an increase of 737% since 2018.
BC Group reported active customers for OSL increased 254% in 2019, spanning more than 50 countries. Overall trading volume increased 654% year-on-year.
BC Group CEO Hugh Madden said,
Our strong performance is a testament to our core commitment to security, risk management, compliance and licensing as well as accelerated business development and sales efforts.
OSL is a digital assets platform primarily aimed at institutional investors which includes over-the-counter-brokerage. According to the press release, the platform also provides automated trading services, “Software-as-a-Service (SaaS)” solutions and custody services for institutional and professional investors.
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