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GSR Secures UK FCA Approval, Expands Regulated Crypto Services Offerings

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GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has obtained regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA). This development enables the company to operate as a licensed crypto asset business, marking a significant milestone in its expansion plans.

Historical Context: A Growing Demand for Regulated Crypto Trading Solutions

In recent months, the demand for regulated crypto trading solutions has increased significantly. The FCA’s green light arrives at a time when Bitcoin (BTC) broke the $100,000 milestone in December 2024 and institutional investment entered the market throughout the year.

Dual Regulatory Compliance: A Key Differentiator

GSR Markets UK’s dual approval from both the FCA and the Monetary Authority of Singapore (MAS) sets it apart as the first crypto liquidity provider to achieve this feat. This compliance demonstrates GSR’s commitment to adhering to regulatory standards in major global markets, ensuring a high level of safety and transparency for its clients.

Quote from Group CEO Xin Song

"The dual approval will allow us to confidently expand our services to institutional and professional clients globally," said Xin Song, Group CEO of GSR. This statement highlights the company’s ambition to provide secure and reliable crypto trading solutions to a growing market.

Regulatory Background: The FCA’s Push for Progressive Regulation

In recent times, the FCA has been advocating for progressive regulation of the crypto industry to improve market safety and transparency for consumers. Despite recent crackdowns, including banning Pump.fun in the UK, the FCA continues to push for regulatory compliance in the crypto space.

GSR Markets UK’s Global Presence: Over 120 Employees

With its dual authorization approval, GSR Markets UK can now cater to a growing demand for regulated and reliable crypto trading services. The company has over 120 employees globally, positioning itself as one of the largest crypto-native employers in the region.

Service Expansion: Catering to Institutional and Professional Clients

The FCA’s approval enables GSR Markets UK to facilitate services such as over-the-counter (OTC) and programmatic execution trading for UK clients. This development will allow the firm to better support its clients as they navigate the dynamic, rapidly growing market.

MPI License in Singapore: A Significant Milestone

GSR Markets received its full major payment institution (MPI) license from the MAS on April 4, 2024. The MPI license enables the firm to conduct multiple payment services and exceed volume limitations for payment firms. With this license, GSR can exceed the 3 million Singapore dollars ($2.2 million) volume limit for a payment service and the monthly limit of 6 million SG$ ($4.4 million) for two or more payment services.

Conclusion

GSR Markets UK’s dual regulatory approval from the FCA and MAS marks a significant milestone in its expansion plans. The company’s commitment to adhering to regulatory standards demonstrates its ambition to provide secure and reliable crypto trading solutions to a growing market. With its global presence and extensive range of services, GSR Markets UK is poised to become a leading player in the regulated crypto space.

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