- GSR has received regulatory approval from the United Kingdom’s Financial Conduct Authority.
- The cryptocurrency trading firm also holds a crypto license from the Monetary Authority of Singapore.
GSR, a cryptocurrency trading and market-making firm, has secured regulatory approval from the Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator.
In a press release dated January 6, GSR stated that FCA approval means GSR Markets UK Limited is properly registered to conduct cryptocurrency-related business in the country.
The authorization enables the firm to support cryptocurrency trading in the UK, serving both local residents and international clients. GSR’s approval positions the company as the first crypto liquidity provider to offer trading services for crypto assets and over-the-counter (OTC) products in the UK.
According to the announcement, the company plans to expand its global service offering. This development follows an earlier milestone in which GSR received regulatory approval from another leading crypto regulator.
GSR seeks global traction
Notably, the Monetary Authority of Singapore granted regulatory approval to GSR as a crypto liquidity provider in April 2024. GSR is licensed in Singapore as a Major Payment Institution.
The decision to pursue global regulatory approvals aligns with GSR’s objective to deliver services guided by standard compliance and integrity principles—key elements of the firm’s brand and reputation built over time.
Xin Song, CEO of GSR Group, said the approvals from the two financial regulators “mark a significant milestone in our mission to shape a more transparent and inclusive global crypto trading ecosystem.”
He added that securing authorization from leading global regulators gives the firm confidence to expand its services to clients worldwide.
“By achieving approvals from two of the world’s top financial regulators, GSR Group can confidently expand our services to institutional and professional clients globally while continuing to maintain the integrity and high-quality service we are known for,” the CEO said.