🔥 UK FCA Grants Approval to GSR
posted 6 Jan 2025
GSR, a global powerhouse in cryptocurrency trading and liquidity services, has received regulatory approval from the UK’s Financial Conduct Authority (FCA).
The approval applies specifically to GSR’s UK division, GSR Markets UK Limited.
This recognition establishes GSR as the first crypto liquidity provider worldwide to achieve dual authorization from the FCA and Singapore’s MAS.
FCA authorization enables GSR Markets UK Limited to provide tailored OTC and programmatic crypto trading services, including for its UK-based clients.
The approval validates GSR’s commitment to upholding regulatory standards and enhancing the trading experience for its global customer base.
Receiving FCA approval marks a significant milestone in our mission to shape a more transparent, inclusive global crypto trading ecosystem. 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,stated Xin Song, the CEO of GSR Group.
Jakob Palmstierna, CEO of GSR Markets UK Limited and President of GSR Group, followed up by stating,
With crypto markets performing strongly and Bitcoin reaching all-time highs, this achievement comes at an opportune time. Demand for reliable, regulated trading solutions has never been greater and this new registration allows us to further support clients as they navigate the dynamic, rapidly growing market.
Jakob Palmstierna, CEO of GSR Markets UK Limited, President of GSR Group Source: THE BLOCK
With a focus on OTC trading, market-making, and treasury management, GSR works closely with token issuers, institutional clients, miners, and prominent trading platforms across the globe.
GSR’s presence in the UK is substantial, with more than 120 team members, establishing it as one of the largest crypto-sector employers nationwide.
The company is set to engage proactively with UK policymakers as the country shapes its regulatory approach to digital assets.
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