PANews reported on January 6 that according to The Block, crypto trading and liquidity services company GSR has obtained approval from the UK Financial Conduct Authority (FCA), and its subsidiary GSR Markets UK Limited can now operate as a registered crypto asset business and provide crypto asset trading and other services to UK customers.

Previously, in April 2024, the Monetary Authority of Singapore (MAS) also granted GSR's entity in Singapore the qualification of "Major Payment Institution", allowing it to provide over-the-counter trading and market-making services. In addition, in mid-2024, GSR experienced a reorganization of its executive team, with the departure of several executives, including co-founder and co-CEO Rich Rosenblum and chief technology officer John MacDonald.