Breaking News
GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has successfully obtained regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), enabling the company to operate as a licensed crypto asset business.
Historic Dual Regulatory Authorization
This significant achievement makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS). The approval is a testament to GSR’s commitment to adhering to the highest standards of regulatory compliance, ensuring its clients’ trust and confidence in the firm’s services.
Expansion of Operational Scope
The FCA’s green light will enable GSR Markets UK to facilitate services such as over-the-counter (OTC) and programmatic execution trading for UK clients. This development is particularly timely, given the growing demand for regulated crypto trading solutions since Bitcoin broke the $100,000 milestone in December 2024 and institutional investment entered the market throughout the year.
The FCA’s Regulatory Push
In recent times, the FCA has been pushing for progressive regulation of crypto to improve market safety and transparency for consumers. Despite recent crackdowns, including banning Pump.fun in the UK, the FCA continues to advocate for a balanced approach to regulation that supports innovation while protecting consumers.
CEO Xin Song’s Statement
The group CEO of GSR, Xin Song, noted that the dual approval will allow the firm to "confidently expand [its] services to institutional and professional clients globally." This statement underscores the significance of GSR’s achievement in securing regulatory compliance from two major global markets.
Dual Authorization Approval: A Major Milestone
GSR Markets UK’s dual authorization approval means that it adheres to the regulatory standards of major global markets in the UK and Singapore. This recognition is a testament to the firm’s commitment to upholding the highest standards of regulatory compliance, ensuring its clients’ trust and confidence in the firm’s services.
Global Presence
With over 120 employees in the UK, GSR Markets UK positions itself as one of the largest crypto-native employers in the region. The company’s global presence underscores its dedication to serving a diverse range of clients worldwide.
Service Expansion: Meeting Growing Demand for Regulated Crypto Trading Solutions
The FCA’s approval will enable GSR Markets UK to cater to a growing demand for regulated and reliable crypto trading services as industry stakeholders increasingly seek compliant trading platforms in crypto markets. Jakob Palmstierna, CEO of GSR Markets UK, noted that the development will allow the company to better support its clients "as they navigate the dynamic, rapidly growing market."
Growth in Regulated Crypto Trading Solutions
The demand for regulated crypto trading solutions has grown significantly since Bitcoin broke the $100,000 milestone in December 2024. Institutional investment entered the market throughout the year, driving the need for compliant trading platforms that meet regulatory standards.
MPI License in Singapore: A Key Milestone in GSR’s Global Expansion
GSR Markets received its full major payment institution (MPI) license from the Monetary Authority of Singapore (MAS)
