GSR Becomes First Crypto Liquidity Provider to Earn Regulatory Authorizations from FCA and MAS

GSR, a global crypto trading firm and market maker, has achieved a significant milestone by becoming the first crypto liquidity provider to earn regulatory authorizations from both the Financial Conduct Authority (FCA) and Singapore’s Monetary Authority of Singapore (MAS).

Gaining FCA Approval

The firm’s British arm has received approval from the FCA to operate as a registered crypto asset business. This approval allows GSR to offer over-the-counter and programmatic execution crypto asset trading services in the U.K.

Receiving FCA approval marks a “significant milestone in our mission to shape a more transparent, inclusive global crypto trading ecosystem.” – Xin Song, Group CEO of GSR

This milestone demonstrates GSR’s commitment to operating within a regulated environment and expanding its services to clients on an international level. Having approvals from multiple financial regulators, including the FCA and MAS, enables the firm to provide a more comprehensive range of services to its global client base.

Expanding Services and Compliance

In April 2024, GSR received a Major Payment Institution license, allowing it to offer spot OTC and market-making services under Singapore’s regulations. With this latest FCA approval, GSR is well-positioned to work with U.K. policymakers as the country’s crypto regulations continue to develop.

GSR employs over 120 people in the U.K. and is committed to contributing to the growth and development of the global crypto trading ecosystem.

For more news and updates on the crypto industry, visit Global Crypto News.

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