GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has been granted regulatory approval by the UK's Financial Conduct Authority (FCA). This approval allows the company to operate as a licensed crypto asset business, making it the first crypto liquidity provider to hold dual regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS). With this expansion, GSR can now offer services like over-the-counter (OTC) and programmatic execution trading for clients in the UK. The FCA's approval comes amidst increasing demand for regulated crypto trading solutions following Bitcoin's surge past $100,000 in December 2024. Despite recent crackdowns on illegal crypto activities in the UK, the FCA aims to enhance market safety and transparency through progressive regulation. GSR's CEO, Xin Song, expressed confidence in expanding services globally to institutional and professional clients. The approval positions GSR Markets UK as a compliant and reliable player in the crypto market, catering to the growing demand for regulated trading services. Read more AI-generated news on: https://app.chaingpt.org/news