GSR Markets UK Receives FCA Approval for Crypto Asset Trading

GSR Markets UK gains FCA approval, expanding its crypto trading services. The firm strengthens its global presence and supports regulated trading solutions.

GSR, a global cryptocurrency trading firm, has reached an important milestone. GSR Markets UK Limited has been approved by the Financial Conduct Authority (FCA) in the UK as a registered crypto asset business. So far this makes GSR the first crypto liquidity provider to receive authorization from both the FCA and MAS.

GSR is able to offer over-the-counter (OTC), and programmatic execution crypto asset trading services including within the UK as a result of the FCA registration. GSR’s strong commitment to compliance and innovation is reflected with this approval. Now, the company is capable of offering clients secure, reliable, efficient trading solutions.

GSR CEO Xin Song expressed his excitement about the milestone. Receiving FCA approval is an important step on the road to ensuring crypto trading is more transparent and more inclusive in the global trading ecosystem, he stated. As a result of approvals from the FCA and MAS, GSR is well-positioned to offer its services internationally.

GSR Sees Strong Growth with FCA Approval and Rising Crypto Demand

This is a good time for this achievement according to Jakob Palmstierna, CEO of GSR Markets UK Limited. Due to strong performance in the crypto markets and Bitcoin reaching all-time highs. In addition, the demand for regulated trading solutions is growing. With the new registration, GSR can support clients as they move through this dynamic market in more ways.

The UK operation is growing too, and GSR’s presence is growing worldwide. With over 120 employees, the company is now one of the largest crypto-native employers in the region. The growth makes GSR one of the key players in the global crypto market.

As the country’s regulatory framework is ongoing, GSR will continue to work closely with UK policymakers going forward. This will further legitimize GSR’s position as one of the top crypto liquidity providers, aimed at building the industry through transparency and regulation.

Ultimately, GSR’s approval by the FCA is a big step for the company, in summary. This strengthens GSR’s footprint in the UK and demonstrates its commitment to bringing safe and high quality trading solutions around the world.