GSR, a leading crypto market maker, has reached a major milestone by becoming the first liquidity provider to obtain regulatory approvals from both the UK’s Financial Conduct Authority (FCA) and Singapore’s Monetary Authority of Singapore (MAS). This dual recognition cements GSR’s position as a pioneer in global crypto regulation, paving the way for expanded over-the-counter (OTC) and programmatic trading services in the UK and beyond.
Announced on January 6, 2025, this approval signifies a turning point for crypto market makers globally. Xin Song, Group CEO of GSR, called it a significant milestone in advancing a more transparent and inclusive crypto trading ecosystem
The First Dual-Approved Crypto Market Maker
GSR’s FCA approval follows its Major Payment Institution license granted by Singapore’s MAS in April 2024. These regulatory endorsements position GSR as a pioneer in the crypto market maker space, setting an industry benchmark.
This recognition demonstrates our commitment to regulatory compliance and our ability to meet the stringent requirements of leading financial authorities, said Song.
The FCA’s authorization enables GSR’s British arm to operate as a registered crypto asset business, offering OTC and programmatic execution trading services. Combined with its MAS license, GSR is uniquely equipped to deliver seamless trading solutions on an international scale.
Unlike traditional financial institutions, GSR’s role as a crypto market maker focuses on providing liquidity and stabilizing volatile markets. Its operations include facilitating large transactions and ensuring minimal price slippage for clients.
With over 120 employees in the UK, GSR’s expertise spans algorithmic trading, OTC solutions, and risk management. The firm’s latest achievement underscores its commitment to fostering trust and efficiency within the crypto industry.
The crypto community has lauded GSR’s milestone as a significant step toward legitimizing the role of crypto market makers in the global financial ecosystem.
It’s encouraging to see firms like GSR paving the way for regulatory clarity and compliance, said Marcus Williams, a crypto analyst at Blockchain Insight. Such developments boost investor confidence and set a precedent for other market makers.
Notably, this approval comes at a time when regulatory scrutiny in the crypto space is intensifying. By aligning with stringent financial standards, GSR is setting a high bar for operational excellence.
Xin Song emphasized the broader implications of this milestone, stating, Our dual regulatory approvals mark the beginning of a new era for crypto trading. By working with policymakers in the UK and Singapore, we aim to drive innovation while adhering to global compliance standards.
GSR’s proactive approach to regulation reflects a broader trend among crypto market makers striving for legitimacy. Its success demonstrates the potential for collaboration between regulators and crypto firms to create a sustainable trading ecosystem.
What’s Next for GSR and the Crypto Market Maker Industry?
With its FCA approval secured, GSR plans to expand its services, offering tailored solutions to institutional and retail clients worldwide.
The UK’s evolving crypto regulations present an opportunity for us to engage with policymakers and shape the future of digital asset trading, the company stated.
Additionally, GSR’s dual recognition is expected to influence the regulatory landscape for other crypto market makers, encouraging more firms to pursue compliance.
GSR’s achievement underscores the growing importance of regulation in the crypto sector. As market makers play a crucial role in maintaining liquidity, their compliance with financial standards is essential for industry stability.
By obtaining FCA and MAS approvals, GSR not only enhances its credibility but also reinforces the role of crypto market makers as integral components of the financial ecosystem.
The dual regulatory approval of crypto market maker GSR marks a pivotal moment for the industry. It sets a new standard for compliance, transparency, and innovation in crypto trading.
As GSR continues to collaborate with regulators and expand its services, its success serves as an inspiration for other market makers to prioritize compliance and adopt a forward-thinking approach.
In an era of heightened regulatory focus, GSR’s milestone demonstrates the potential for crypto firms to thrive while adhering to global financial standards. Get more from The Bit Gazette
