GSR has secured dual regulatory approval in the UK and Singapore, expanding its crypto trading services for institutional clients.
GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has received regulatory approval from the United Kingdom’s Financial Conduct Authority (FCA), allowing the company to operate as a licensed crypto asset business.
According to a news release, the approval makes GSR the first crypto liquidity provider to achieve dual regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS).
GSR’s expansion of its operational scope will enable the firm to facilitate services such as over-the-counter (OTC) and programmatic execution trading for UK clients.
