GSR Markets UK obtained the green light from the British Financial Conduct Authority. The license will offer the company approved status as a crypto asset business, allowing it to provide over-the-counter, programmatic execution trading services.
GSR has created history with its approval from the FCA and Singapore’s Monetary Authority MAS to turn it into the very first such company to gain a regulatory license from the two countries. This will indeed be a strong commitment to compliance and innovation in the crypto industry by the company.
The newest FCA registration finally enables GSR Markets Limited to safely provide efficient trading solutions for its client base and, importantly, the UK. This seals GSR’s commitment to a very high regulatory bar-raising, put together with making sure that there is an institutional/professional customer-friendly arena within crypto-asset trading.
Crypto market demand grows amid Bitcoin surge
The timing of the approval is opportune, since the crypto markets continue to see high performance, and a surge in the price of Bitcoin fires up demand for regulated trading services. This new designation will now further allow GSR to meet its clients’ increasing needs within this ever-changing marketplace.
GSR Markets UK has grown into one of the largest players in the UK crypto market, with more than 120 employees. The firm is also eager to start engaging with UK policymakers as the country’s regulatory landscape develops.
Nevertheless, this approval is an important milestone for GSR’s further expansion into new markets and a contribution to its mission of shaping a transparent, inclusive global crypto trading ecosystem.
