GSR Markets UK has obtained regulatory approval from the UK's Financial Conduct Authority (FCA), enabling it to operate as a licensed crypto asset business, marking it as the first crypto liquidity provider with dual authorizations from the FCA and Singapore’s Monetary Authority of Singapore (MAS). This expansion allows GSR to offer services like over-the-counter and programmatic execution trading for UK clients amidst growing institutional interest in the crypto market, especially following Bitcoin's price surge past $100,000 in December 2024. The FCA's approval aligns with efforts to ensure market safety and consumer transparency, with GSR's CEO stating it will facilitate a confident expansion in service offerings. GSR's global presence encompasses over 120 employees in the UK, establishing it as a significant crypto-native employer in the area. The company previously received an MPI license from the MAS, allowing for extensive payment services in Singapore, further enhancing its operational capabilities.

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