Professional investors in Hong Kong now have direct access to XRP trading using the Hong Kong dollar (HKD), following its inclusion in the list of available assets on OSL, one of the region's licensed digital asset exchanges.
The platform announced that XRP has been integrated into its Flash Trade service, expanding its market offering for institutional users operating under Hong Kong regulation.
OSL confirmed that both deposits and withdrawals of XRP are active on the XRP Ledger (XRPL). With this update, trading is available in three markets: XRP/HKD, XRP/USDT, and XRP/USD.
According to local regulations, only clients classified as Professional Investors can use this feature, and OSL emphasized that the restriction is in compliance with the jurisdiction's compliance standards.
Importance of the HKD trading pair
The introduction of the XRP/HKD pair represents an important development for investors seeking direct exposure without relying on foreign stablecoins or multiple conversions. Although various licensed brokers in Hong Kong support XRP, most only trade with stablecoins like USDT.
HashKey, for example, provides access to XRP but currently does not offer a pair with HKD. OSL's decision to enable trading based on HKD gives market participants a more convenient way to access the asset and reduces reliance on additional currency conversions.
Favorable regulatory landscape of Hong Kong
Hong Kong continues to position itself as a welcoming environment for digital asset companies through clear and structured regulations. The government has taken steps to attract renowned companies in the sector while maintaining oversight, resulting in a market that encourages innovation while respecting compliance requirements.
In this context, the availability of a direct pair with the Hong Kong dollar strengthens the presence of XRP and favors broader adoption among investors who prefer to operate within a recognized regulatory system.
As part of the listing announcement, OSL described the characteristics that define the use case for XRP. The exchange noted that XRP was designed to facilitate low-cost international transactions and microtransactions, supported by the fast settlement time of the XRPL, which typically completes transfers in a few seconds.
OSL also mentioned the asset's decentralized validator network and its ability to move value without centralized oversight.
Market context and recent performance of XRP
The listing occurs at a time when XRP has shown an upward trend in the overall market. In the last 24 hours, the asset recorded an increase of about 4.75%, reaching a price of $2.09. This positive momentum, combined with expanded access to trading in a regulated center like Hong Kong, could rekindle the interest of institutional investors.
By allowing the trading of XRP/HKD, OSL has created a more accessible pathway for professional investors and reinforced Hong Kong's status as one of the few jurisdictions that offer regulated trading of XRP in pairs with fiat currencies.
This measure simplifies access to the asset, aligns with the region's commitment to transparency in digital asset activities, and expands the range of trading options available for institutions operating within Hong Kong's financial system.
Remember folks, that nothing said here represents a recommendation to buy, sell, or hold assets.
Thank you all!
