The Financial Conduct Authority (FCA) of the United Kingdom has granted permission to GSR Markets UK, a renowned cryptocurrency trading firm, to conduct business as a registered crypto asset business. GSR is the first crypto liquidity provider to receive dual regulatory authorization from the FCA and Singapore’s Monetary Authority (MAS) as a result of this noteworthy development.
Addressing the increasing demand for regulated, dependable crypto trading platforms, GSR will provide over-the-counter (OTC) trading and programmatic execution services to clients in the United Kingdom with this approval. The company’s global compliance strategy further bolsters its mission to promote transparency and innovation within the cryptocurrency ecosystem.
Xin Song, the CEO of GSR Group, expressed his confidence in the company’s capacity to broaden its services on a global scale. “Our successful acquisition of dual regulatory approval demonstrates our commitment to providing the highest quality liquidity services and crypto trading.” This allows us to more effectively serve institutional clients while simultaneously preserving market integrity.
A strong team of more than 120 employees supports GSR’s presence in the UK, making it one of the largest crypto-native employers in the region. Additionally, the organization is actively collaborating with policymakers to assist in the development of a comprehensive regulatory framework for the United Kingdom’s evolving cryptocurrency sector.
GSR has recently gained a Major Payment Institution (MPI) license from Singapore’s MAS, which will enable the company to expand its offerings in the region and surpass payment volume limitations, in addition to its success in the UK. This dual recognition establishes GSR as a global leader in crypto trading, with a dedication to innovation and compliance at the core of its operations.
With the maturation of the cryptocurrency industry, GSR’s regulatory milestones serve as a testament to its commitment to establishing a trading environment that is transparent, inclusive, and efficient for clients worldwide.
