GSR Wins Double Regulatory Approval
The subsidiary of the global crypto trading firm GSR, GSR Markets UK, has reached another milestone with its approval by the UK’s Financial Conduct Authority. It makes GSR the first crypto liquidity provider to have dual regulatory authorization from both FCA and Singapore’s Monetary Authority, better known as MAS. This means a lot, indicating that the company is committed to compliance and committed to making available regulated crypto services around the world.
Facilitating Institutional Crypto Services
The FCA’s green light will enable GSR Markets UK to provide a suite of services-institutional tailored-over-the-counter and programmatic execution trading among them-to the UK. This is very timely, considering the demand for regulated crypto solutions that has been growing, especially with Bitcoin breaking the $100,000 mark back in December 2024 and an unprecedented rush of institutional investors into the market throughout the year. Regulatory compliance by GSR enables it to meet the gradually increasing demand in secure and reliable trading platforms.
Strengthening Compliance across Global Markets
In response, Xin Song, Group CEO of GSR said, “The dual approval empowers us to confidently scale up our services to institutional clients all over the world. It underpins the highest regulatory standard that GSR works to, supported by the FCA’s approval of our license issued from Singapore’s Monetary Authority.” The company, therefore, views this as one of the very few leaders providing fully compliant crypto trading solutions and transparency to the world’s markets.
Expansion of Operations and Staff
With more than 120 employees in the UK, GSR is one of the largest crypto-native employers in the region. The company is well-equipped to support institutional clients through the evolving crypto landscape. Jakob Palmstierna, CEO of GSR Markets UK, commented that the dual authorization allows the firm to provide scalable and compliant trading services, meeting the increasing needs of the dynamic market.
Major Payment Institution License in Singapore
In April 2024, GSR Markets Singapore got a full MPI license from the MAS, enabling the company to surpass the volume limits of transactions of 3 million Singapore dollars ($2.2 million) for single services and 6 million SG$ ($4.4 million) for multiple services. The license by MAS places GSR in a better position to scale up its services in Asia and further cements its compliance credentials.
A Leader in Regulated Crypto Trading
Achieving dual regulatory approval places GSR at an absolute threshold in regard to compliance and innovation in the crypto trading business. Their commitment to regulated growth ensures they will be a trusted institutional partner around the world.
