According to TechFlow, on September 5, Gary Tiu, executive director of OSL Group, a Hong Kong digital asset listed company, disclosed to TechFlow that many traditional brokerage firms have recently begun to provide crypto trading services, which are essentially based on the division of labor and cooperation model of "brokerage firms + licensed exchanges". Brokerage firms have reached cooperation with licensed exchanges such as OSL to enable customers to trade cryptocurrencies listed on the exchange through omnibus accounts (customer comprehensive accounts), that is, the back-end cryptocurrency custody, transaction matching, and settlement are still completed by licensed exchanges such as OSL to meet the security requirements of the Hong Kong Securities Regulatory Commission.
Gary Tiu said that this "broker + exchange" division of labor and cooperation model not only fully utilizes the advantages of brokers in customer service and marketing, but also relies on the expertise of licensed institutions in compliance, technology and risk control to jointly build a relatively complete and secure crypto trading ecosystem.
