Crypto trading firm GSR secures FCA approval

GSR has acquired a regulatory nod from the UK’s Financial Conduct Authority.
The cypto trading firm additionally holds a crypto license from the Singapore Monetary Authority.
GSR, a crypto trading firm and market maker, has acquired regulatory approval from Financial Conduct Authority (FCA), the monetary markets regulator within the UK.
In a press launch on Jan. 6, GSR stated the regulatory approval means GSR Markets UK Limited is duly registered to conduct crypto associated enterprise within the nation. It will help crypto trading within the UK, reaching each native/resident shoppers and throughout the globe.
GSR’s approval maps the firm as the primary crypto liquidity supplier to supply over-the-counter and crypto asset trading companies.
According to the announcement, the firm seeks to broaden its companies supply globally. This follows the firm’s milestone of getting acquired regulatory nods from the 2 main crypto regulation jurisdictions.
GSR seeks international traction
Notably, Singapore’s Monetary Authority of Singapore granted regulatory approval to GSR as a crypto liquidity supplier in April 2024. GSR is a Major Payment Institution licensed firm in Singapore.
The transfer for international regulatory approval aligns with GSR’s quest to supply its companies alongside the usual rules of compliance and integrity – a prime objective for firm model and picture constructed over time.
GSR Group CEO Xin Song famous that the 2 international monetary regulators’ approvals “marks a significant milestone in our mission to shape a more transparent, inclusive global crypto trading ecosystem.”
He confidently added that getting regulatory approvals from main monetary regulators makes the firm assured to broaden on its companies supply to shoppers globally.
“By achieving approvals from two of the world’s leading financial regulators, the GSR Group can confidently expand our services to institutional and professional clients globally while continuing to uphold the integrity and high-quality service that we are known for,” the GSR Group chief government added.