Hong Kong-based crypto platform OSL shares jump on Canadian acquisition

News Snapshot:

Hong Kong-listed shares of OSL Group jumped 10 per cent 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 BNXA-X. 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. “We will continue global expansion through both acquisitions and license applications,” Ivan Wong told Reuters on Monday. Having a global footprint is crucial to OSL’s ambition...