📣 Big news in the crypto world! GSR, a leading crypto market maker and liquidity provider, has been awarded a Major Payment Institution license by the Monetary Authority of Singapore (MAS). 🎉

This license, also known as Singapore’s Digital Payment Token Service license, allows firms to buy and sell "digital payment tokens" or what we commonly call cryptocurrencies.

This is a significant step forward, as typically, market makers and liquidity providers are not licensed entities. But Singapore has expanded its licensing regime to include these services.

Earlier this year, GSR made headlines by appointing former JP Morgan executive, Andreas Koukorinis, as its new head of trading.

What do you think this means for the future of crypto trading in Singapore? Share your thoughts below! 👇