OSL Lists XRP with HKD Pair for Professional Investors, Settling on XRPL
OSL, a licensed Hong Kong digital-asset exchange, has added XRP across its Flash Trade and OTC services and launched an XRP/HKD trading pair available to clients classified as Professional Investors. Deposits and withdrawals will settle on the XRP Ledger (XRPL). Trading is offered on XRP/HKD, XRP/USDT and XRP/USD, giving institutional traders direct fiat exposure in HKD and reducing reliance on stablecoin conversions. OSL highlighted XRP’s low-cost cross-border payment use case, fast settlement on XRPL and decentralized validator network, and noted its institutional-grade infrastructure and regulatory compliance. The listing coincides with renewed positive price action in XRP (about +4.75% in 24h to roughly $2.09) and on-chain signs of accumulation by large holders; secondary data also show significant spot ETF inflows into XRP funds. The feature is restricted to Professional Investors under Hong Kong rules. For traders, the listing expands regulated on‑ramp/off‑ramp options for institutional flows, may improve liquidity in HKD/fiat pairs, could shorten settlement times via XRPL, and — if ETF inflows and whale accumulation continue — may add upward pressure on XRP price.
Bullish
The listing is likely bullish for XRP. It expands regulated, fiat-based access for institutional/professional investors in Hong Kong by adding an XRP/HKD pair and native XRPL settlement, which can attract larger, lower-friction flows. OSL’s emphasis on compliance and institutional infrastructure makes it a viable venue for sizable orders; increased on‑chain accumulation by large holders and reported ETF spot inflows further support demand. In the short term, expect improved liquidity in HKD rails and possible price uplift from concentrated order flow and renewed institutional interest. Over the medium to long term, continued ETF inflows, whale accumulation and more regulated fiat pairs could sustain upward pressure on XRP. Constraints that temper the bullish view: the feature is limited to Professional Investors (narrower user base), broader market conditions (BTC/crypto market risk-off) and ongoing regulatory uncertainty in other jurisdictions, any of which could mute price impact.