GSR Reaches Dual Regulatory Milestone
GSR, one of the leading global players offering crypto trading and market-making services, has announced the reaching of an important milestone following the nod from the UK’s FCA. The green light enables the firm’s British arm to start its activities as a duly registered crypto asset business; it marks the first instance a crypto liquidity provider received regulatory authorizations from both the FCA and the Monetary Authority of Singapore.
The approval from the FCA will enable GSR to expand its operational capabilities in the U.K. by allowing OTC and programmatic execution of crypto asset trading services. This also evidences the firm’s continuous commitment to global regulatory standards and to a more transparent and secure crypto trading ecosystem.
U.K. Expansion of Crypto Services.
The FCA approval places GSR in pole position among those offering regulated crypto services. The company has expressed its desire to work with U.K. lawmakers to further develop the country’s approach to digital asset regulation. In so doing, it is set to have a leading influence on the development of crypto trading in one of the world’s largest financial centers.
The British operations of GSR will focus on OTC services for institutional clients and sophisticated programmatic execution capabilities, among other services, in a bid to satisfy the increasing demand for secure efficient crypto asset trading solutions in line with the firm’s mission of innovating while remaining compliant with international regulatory standards.
CEO Comments on Regulatory Success
Chief Executive Officer of GSR Group, Xin Song highlighted that the FCA authorization represents a great milestone for this company. According to Mr. Song, when major regulatory institutions such as UK’s FCA and Singapore’s Monetary Authority of Singapore grant their seal of approval for GSR, that reassures clients in all parts of the world. “These milestones further expand our service offerings while increasing confidence in the digital asset class,” Song said.
Strengthening a Global Footprint
In April 2024, GSR also obtained a Major Payment Institution license in Singapore, enabling the firm to provide spot OTC and market-making services under the MAS regime. Backed by over 120 in-house professionals based in the U.K., the group continues on its path of international expansion without ever losing its core values in innovation and compliance.
With the dual regulatory approval, GSR shows the ability to work in a complicated regulatory environment and thus sets a bar for other companies in the crypto space. The firm’s success is a reflection of its commitment toward creating a safe, efficient, and all-inclusive global trading ecosystem.
