GSR Wins License from FCA

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GSR Markets UK, a subsidiary of GSR, a global cryptocurrency trading firm, has been granted regulatory approval by the Financial Conduct Authority (FCA) of the United Kingdom. This approval allows the company to operate as a licensed crypto asset business.

According to the press release, GSR is now the first crypto liquidity provider to obtain regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS).

With this new approval, GSR will be able to expand its services to include over-the-counter (OTC) and programmatic execution trading for clients in the UK.

The FCA’s approval comes at a time when the demand for regulated crypto trading solutions has increased, especially after Bitcoin reached $100,000 in value in December 2024 and institutional investors entered the market in the past year.