Provider profile · 2026 edition
OSL review 2026: scores, fees and alternatives.
A Hong Kong licensed digital asset platform offering OTC and RFQ trading, stablecoin payments and payouts.
WhatsApp and Telegram +44 7563 115980
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A Hong Kong licensed digital asset platform offering OTC and RFQ trading, stablecoin payments and payouts.
OSL scores 2.9 out of 5 (58 out of 100) in the Buckingham Intelligence Crypto Exchange and Liquidity for Businesses Index 2026 and ranks 5 of 12. It is strongest for asian and European businesses converting between stablecoins and fiat, with 5 out of 5 for regulatory standing. Not published or not stated on the pages read: pricing, execution access, security and settlement.
Scores from the Crypto Exchange and Liquidity for Businesses Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and fintech firms | 59 | 5 of 12 |
| For funds and trading firms | 59 | 5 of 12 |
| For corporate treasuries | 55 | 6 of 12 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Asian and European businesses converting between stablecoins and fiat.
What OSL publishes on its own pages, read on 26 October 2026.
A Hong Kong licensed digital asset platform offering OTC and RFQ trading, stablecoin payments and payouts. It publishes licences in Hong Kong, Austria and Germany, 20+ fiat currencies in one account and payouts in 129 currencies. It publishes all-in OTC prices without stating spreads, and no security certifications.
| Fact | What the provider publishes |
|---|---|
| Regulatory standing | Site lists Hong Kong SFC "Type 1 / 4 / 7 / 9 Licenses & AMLO"; OSL EU GmbH is "an authorised Crypto-Asset Service Provider regulated by the Austrian Financial Market Authority under the Markets in Crypto-Assets Regulation (MiCAR)"; DLT Securities GmbH regulated by BaFin (BaFin ID 10159536). Japan FSA also listed. |
| Pricing | Fees page: Flash Trade and OTC Trade are "All-in price", with no additional fees; spreads not published; standalone custody fees "are bespoke and determined on a client-by-client basis". |
| Asset and currency coverage | Accounts hold "13+ stablecoins, 38+ digital assets and 20+ fiat currencies"; payouts "to 170+ countries in 129 currencies". |
| Execution access | "Institutional OTC, RFQ and liquidity" with "24/7 desk support"; institutional API documentation published. FIX not stated. |
| Settlement | "24/7 on-chain settlement"; merchant payouts "via local rails"; fiat on-ramp by "Card and bank transfer". |
| Security | Not published on the pages read. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: osl.com, osl.com/en/fees, osl.com/en/micar-marketing-disclosure-hub.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Crypto Exchange and Liquidity for Businesses Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Kraken | 4.5 | 1 of 12 | Businesses wanting exchange, OTC and API access with a full published fee table |
| Zerohash | 3.3 | 2 of 12 | Payment firms and fintechs embedding crypto buy, sell and payouts |
| Coinbase Prime | 3.2 | 3 of 12 | Funds and corporates wanting trading, financing and custody in one account |
| FalconX | 3.1 | 4 of 12 | Funds and fintechs needing wide token and fiat coverage through one counterparty |
| B2C2 | 2.9 | 6 of 12 | Exchanges, brokers and fintechs wanting streaming prices without pre-funding |
| Wintermute | 2.7 | 7 of 12 | Funds and token projects wanting chat and API liquidity in hundreds of tokens |
| GSR | 2.5 | 8 of 12 | Treasuries and funds trading large blocks across many fiat currencies |
| Enigma Securities | 2.5 | 9 of 12 | UK and European firms wanting voice, chat and API execution |
| Galaxy | 1.9 | 10 of 12 | US institutions wanting OTC trading alongside lending and derivatives |
| LMAX Digital | 1.8 | 11 of 12 | Banks and brokers wanting a regulated venue with a published instrument list |
| Keyrock | 0.9 | 12 of 12 | Crypto platforms and token projects wanting a single OTC counterparty |
Full Crypto Exchange and Liquidity for Businesses Index ranking
Side by side on every criterion, fact and award.
Tell us what you need and where you operate.