GSR, a leading global cryptocurrency trading firm and liquidity provider, has received regulatory approval from the UK’s Financial Conduct Authority (FCA). This significant milestone allows GSR Markets UK Limited to operate as a licensed crypto asset business within the United Kingdom.
According to a news release, GSR is the first crypto liquidity provider to have dual regulatory certification from the FCA and the Monetary Authority of Singapore (MAS).
With this FCA registration, GSR Markets UK Limited is authorized to offer over-the-counter (OTC) and algorithmic execution services for crypto asset trading to clients in the UK. This approval solidifies GSR’s position as a key player in the regulated crypto market and demonstrates its commitment to adhering to the highest regulatory standards.
GSR’s CEO, Xin Song, emphasized that receiving FCA approval marks a significant milestone in the company’s mission to shape a more transparent and inclusive global crypto trading ecosystem.
1/ Today, we are delighted to announce that GSR Markets UK Ltd has officially secured approval from @TheFCA as a registered crypto asset business! https://t.co/kAd7ceS5qr
— GSR (@GSR_io) January 6, 2025
This achievement follows GSR’s earlier success in securing a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), making it the first crypto liquidity provider to obtain regulatory authorizations from both the FCA and the MAS.
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