GSR has received regulatory approval from the UK Financial Conduct Authority. This cryptocurrency trading company also holds a cryptocurrency license from the Monetary Authority of Singapore.
GSR, a cryptocurrency trading company and market maker, has received regulatory approval from the UK financial markets regulator, the Financial Conduct Authority (FCA).
GSR said in a press release on January 6 that the regulatory approval means that GSR Markets UK Limited is officially registered to carry out crypto-related business in the country. It supports cryptocurrency trading in the UK and reaches both local/resident customers and worldwide.
GSR's approval positions the company as the first crypto liquidity provider to offer over-the-counter and crypto asset trading services.
According to the announcement, the company aims to expand its service offerings globally. This follows the company's milestone of receiving regulatory consent from two major cryptocurrency regulatory jurisdictions.
GSR seeks global traction
Notably, the Monetary Authority of Singapore granted regulatory approval to GSR as a crypto liquidity provider in April 2024. GSR is a licensed company of Singapore's leading payment institutions.
The move toward global regulatory approval is in line with GSR's commitment to delivering services in line with standard principles of compliance and integrity, the overarching goal of a corporate brand and image built over time. Match.
GSR Group CEO Xin Song said the two global financial regulators' approvals “support our company's mission to form a more transparent and inclusive global cryptocurrency trading ecosystem.” “This is an important milestone in the future.”
He confidently added that having received regulatory approval from key financial regulators, the company has the confidence to expand its service offering to customers around the world.
GSR Group Chief Executive Officer said: “By receiving approval from two of the world's leading financial regulators, GSR Group is confident that we can maintain our reputation for integrity and high quality service. “We will be able to expand our services to institutional and professional clients around the world.” Added.
