OSL Group Acquires Banxa for C$85.2 Million

OSL Group Ltd., a Hong Kong-listed digital asset platform operator, announced its acquisition of Banxa Holdings Inc. This acquisition will occur through OSL BNXA Acquisition Inc., a subsidiary, at approximately C$85.2 million. Banxa, known for its crypto infrastructure services across Europe, North America, and Australia, sees this deal as a way to scale its platform globally.

This acquisition represents OSL’s strategy for global expansion in the digital asset industry, aiming to broaden enterprise-level crypto payments infrastructure. An 80% premium above Banxa’s 30-day VWAP marks the transaction value, with C$81.7 million dedicated to common equity.

OSL’s C$85.2 Million Deal with Banxa Explained

Zafer Qureshi, Banxa’s Executive Director, expressed enthusiasm for aligning visions with OSL. “We are delighted to be combining Banxa and OSL’s aligned vision of delivering the benefits of global crypto payments infrastructure and crypto exchange services to enterprises and users around the world. We are excited to be joining the OSL team to accelerate the growth of our platform at a global scale.” The transaction, unanimously approved by Banxa’s board, strengthens Banxa’s global growth opportunities.

According to CoinMarketCap, Ethereum (ETH) is currently priced at $2,420.72, with a market dominance of 8.91% and a 24-hour trading volume of $15.20 billion, reflecting a 16.83% decrease. Recent data indicates a 34.69% 60-day price rise.

Coincu researchers highlight the acquisition’s potential to enhance cross-border crypto infrastructure. Supporting regulated payment on-ramps aligns with the industry’s strategic moves towards compliance and penetration into key markets. Interested parties can find more details on MarketScreener.

Acquisition Impact and Historical Industry Moves

Did you know? OSL’s acquisition of Banxa follows its broader expansion strategy, including Coinbest’s acquisition in Japan in 2025, showcasing a pattern of targeted global growth through regulated exchanges.

According to CoinMarketCap, Ethereum (ETH) is currently priced at $2,420.72, with a market dominance of 8.91% and a 24-hour trading volume of $15.20 billion, reflecting a 16.83% decrease. Recent data indicates a 34.69% 60-day price rise.

Zafer Qureshi, Banxa’s Executive Director, expressed enthusiasm for aligning visions with OSL. “We are delighted to be combining Banxa and OSL’s aligned vision of delivering the benefits of global crypto payments infrastructure and crypto exchange services to enterprises and users around the world. We are excited to be joining the OSL team to accelerate the growth of our platform at a global scale.” The transaction, unanimously approved by Banxa’s board, strengthens Banxa’s global growth opportunities.