TechFlow news — On January 6, according to The Block, GSR Markets UK Limited, a subsidiary of cryptocurrency trading and liquidity provider GSR, has been approved by the UK Financial Conduct Authority (FCA) as a registered cryptoasset firm, enabling it to provide cryptoasset trading services to clients in the UK.
Xin Song, Group CEO of GSR, said: "Receiving FCA approval marks a significant milestone in our commitment to building a more transparent and inclusive global crypto trading ecosystem. This allows GSR to confidently expand its services to institutional and professional clients globally, while continuing to uphold our consistently high standards of service and integrity." Previously, GSR's Singapore branch obtained a Major Payment Institution license from the Monetary Authority of Singapore in April 2024, allowing it to offer over-the-counter trading and market-making services.
