GSR Secures Dual Regulatory Approval in UK and Singapore for Crypto Services
GSR Markets UK has achieved a significant milestone by securing approval from the UK’s Financial Conduct Authority (FCA), allowing it to operate as a fully licensed crypto asset business.
This accomplishment makes GSR the first crypto liquidity provider to earn dual regulatory authorization from both the FCA and Singapore’s Monetary Authority (MAS), marking a new chapter in its expansion into regulated markets.
With this approval, GSR can now offer services such as over-the-counter (OTC) trading and programmatic execution to clients in the UK. This move comes at a time when institutional investors are increasingly seeking compliant and secure platforms, particularly after Bitcoin’s milestone of surpassing $100,000 in late 2024. The demand for regulated trading services is growing rapidly, and GSR’s commitment to compliance positions it as a trusted partner for institutional and professional traders.
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Building on its earlier success in Singapore, where it obtained a Major Payment Institution (MPI) license, GSR is now equipped to handle higher transaction volumes, exceeding $2.2 million SGD for single payment services and $4.4 million SGD for multiple services each month. With over 120 employees in the UK, the company has established itself as one of the largest crypto-native employers in the region.
By achieving compliance in two of the world’s leading financial hubs, GSR is setting a new benchmark for regulatory adherence in the cryptocurrency space. This dual approval not only strengthens its global operations but also underscores its commitment to providing secure, transparent, and scalable solutions in the rapidly evolving crypto market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
