OSL Exchange joins MSCI Hong Kong Index

Originally appeared on Cointelegraph

Local crypto exchange OSL on May 22 became the first crypto firm in Hong Kong to join the MSCI Hong Kong’s market-cap weighted index, which is composed of 30 constituents.

“As business expands and the company attracts rising investor interest, we anticipate inclusion in more equity indices,”commented Patrick Pan,chairman of the board and CEO of OSL.The MSCI Hong Kong Indexis usedby its namesake, the iShares MSCI Hong Kong ETF, to track the performance of its underlying companies.

Formerly BC Technology Group, the firm changed its name this year to that of its crypto exchange subsidiary to better reflect its digital asset business. Over the past year, shares have soared over 170% as it became the first pair of licensed crypto exchanges in Hong Kong alongside HashKey Exchange.