The crypto trade company GSR is secured by FCA approval

GSR, a crypto trade company and market maker, received the official approval of the Financial Conduct Authority (FCA), the financial market supervision in the United Kingdom.

In a press release On January 6, GSR said that the official approval means that GSR Markets UK Limited was properly registered in order to do crypto -related business in the state. It will support the crypto trade in the United Kingdom and reach both local/resident customers and worldwide.

The admission of GSR makes the company the first crypto liquidity provider that offers out-of-the-counter and crypto-asset trade services.

According to the announcement, the company is aiming for an expansion of its service provision worldwide. This follows the milestone of the company that regulatory consent from the two major crypto regulatory custodians.

GSR strives for global traction

In particular, the monetary authority of Singapore GSR in April 2024 issued official approval as a crypto liquidity provider. GSR is a company licensed as a large payment institute in Singapore.

The step towards worldwide official approval is in accordance with the endeavor of GSR to offer its services in addition to the standard principles of compliance and integrity - a top goal for the brand and the image of the company that develops over time.

Xin Song, CEO of the GSR Group, noticed that the permits of the two global financial supervisory authorities "are an important milestone in our mission to create a more transparent, integrative global crypto trade ecosystem".

he confidently added that the official approvals of leading financial supervisory authorities make the company confident of expanding its service provision for customers worldwide.

"By preserving the permits of two of the world's leading financial supervisory authorities, the GSR Group can further expand our services to institutional and professional customers worldwide and at the same time maintain integrity and high -quality service for which we are known," said the GSR Group CEO.