ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Cryptocurrencies

Head of Hong Kong cryptocurrency exchange OSL steps down

CEO Wayne Trench moves to advisory role amid crypto market downturn

Hong Kong has been trying to position itself as Asia's cryptocurrency trading hub, but the collapse of major exchange FTX has sent shivers through the crypto market.    © Getty Images

HONG KONG -- Hong Kong digital asset exchange OSL said on Friday its chief executive Wayne Trench has stepped down and the company has cut a third of its staff amid a shaken crypto market.

OSL was the first crypto exchange platform to receive a virtual asset trading license from Hong Kong's Securities and Futures Commission in December 2020 and is backed by investment management services provider Fidelity International.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more