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Provider profile · 2026 edition

GSR review 2026: scores, fees and alternatives.

A market maker and OTC desk with a systematic trading screen and API. It publishes 200+ assets and 25+ fiat currencies, a $250,000 minimum trade, and registrations in the UK, Singapore and the US with register links.

Research by Buckingham Intelligence, the research unit of Buckingham Capital Consulting · Facts read 26 October 2026 · Dated copies of source pages kept · Method
2.5 / 5Buckingham Intelligence score
2Awards 2026
1Index
8 of 12Rank, Crypto Exchange and Liquidity for Businesses Index

Short answer.

GSR scores 2.5 out of 5 (50 out of 100) in the Buckingham Intelligence Crypto Exchange and Liquidity for Businesses Index 2026 and ranks 8 of 12. It is strongest for treasuries and funds trading large blocks across many fiat currencies, with 5 out of 5 for regulatory standing and asset and currency coverage. Not published or not stated on the pages read: pricing, execution access, settlement and security.

Awards and scores.

Scores from the Crypto Exchange and Liquidity for Businesses Index 2026.

Crypto Exchange and Liquidity for Businesses Index

2.5 / 550 out of 100 · rank 8 of 12
Top rated for regulatory standing 2026Top rated for asset and currency coverage 2026
SegmentScore out of 100Rank
For payment and fintech firms528 of 12
For funds and trading firms539 of 12
For corporate treasuries458 of 12

The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.

Strengths and watch-outs.

Where it scores best, and where to check closely, as shown in each ranking.

Strongest for

Treasuries and funds trading large blocks across many fiat currencies.

  • Regulatory standing (5/5). UK registration, Singapore licence and US state licences with numbers and register links published.
  • Asset and currency coverage (5/5). 200+ assets and 25 fiat currencies published.
Watch out for
  • Published pricing (0/5). Only a minimum trade size is published.
  • Settlement (1/5). Settlement in fiat or crypto stated without detail.
  • Security assurance (0/5). Not published on the pages read.

Published facts.

What GSR publishes on its own pages, read on 26 October 2026.

A market maker and OTC desk with a systematic trading screen and API. It publishes 200+ assets and 25+ fiat currencies, a $250,000 minimum trade, and registrations in the UK, Singapore and the US with register links. It does not publish prices, chat or FIX access, or security certifications.

FactWhat the provider publishes
Regulatory standingGSR Markets UK is registered with the FCA (Firm Reference Number 1018980) under the Money Laundering Regulations; GSR Markets Pte. Ltd. "is authorised as a Major Payment Institution with the Monetary Authority of Singapore", with a register link; GSR Digital LLC (NMLS ID #: 2318094) holds listed US money transmitter licences.
PricingNot published; "We require a minimum trade value of $250,000."
Asset and currency coverage"access to over 200 digital assets and 25 fiat currencies" across crypto, fiat and stablecoin pairs; trades "up to $100 million per trade".
Execution accessSystematic OTC trading screen and API; chat, RFQ, FIX and 24/7 hours not stated on the page read.
Settlement"We offer flexible settlement options in either fiat or digital assets"; credit and payment rails not described.
SecurityNot published on the pages read.
Date read26 October 2026

Not published or not stated by GSR

  • Pricing. Not published.
  • Execution access. Chat, RFQ, FIX and 24/7 hours not stated on the page read.
  • Settlement. Credit and payment rails not described.
  • Security. Not published on the pages read.

A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.

Facts read on 26 October 2026 from: gsr.io/services/otc-trading, gsr.io/regulatory-legal-notices, gsr.io/gsr-digital-llc-licensed-us-jurisdictions.

Criterion scores.

Each score with the evidence behind it.

  • Regulatory standing: 5/5. UK registration, Singapore licence and US state licences with numbers and register links published.
  • Published pricing: 0/5. Only a minimum trade size is published.
  • Asset and currency coverage: 5/5. 200+ assets and 25 fiat currencies published.
  • Execution access: 3/5. Trading screen and API published; other channels not stated.
  • Settlement: 1/5. Settlement in fiat or crypto stated without detail.
  • Security assurance: 0/5. Not published on the pages read.

Each criterion is scored 0 to 5 against the best published offer in the Crypto Exchange and Liquidity for Businesses Index. 0 means not offered or not published. How it is scored

GSR alternatives.

The other providers in the same ranking, ordered by score.

ProviderScore out of 5RankStrongest for
Kraken4.51 of 12Businesses wanting exchange, OTC and API access with a full published fee table
Zerohash3.32 of 12Payment firms and fintechs embedding crypto buy, sell and payouts
Coinbase Prime3.23 of 12Funds and corporates wanting trading, financing and custody in one account
FalconX3.14 of 12Funds and fintechs needing wide token and fiat coverage through one counterparty
OSL2.95 of 12Asian and European businesses converting between stablecoins and fiat
B2C22.96 of 12Exchanges, brokers and fintechs wanting streaming prices without pre-funding
Wintermute2.77 of 12Funds and token projects wanting chat and API liquidity in hundreds of tokens
Enigma Securities2.59 of 12UK and European firms wanting voice, chat and API execution
Galaxy1.910 of 12US institutions wanting OTC trading alongside lending and derivatives
LMAX Digital1.811 of 12Banks and brokers wanting a regulated venue with a published instrument list
Keyrock0.912 of 12Crypto platforms and token projects wanting a single OTC counterparty

Full Crypto Exchange and Liquidity for Businesses Index ranking

GSR compared.

Side by side on every criterion, fact and award.

Head-to-head comparisons cover pairs within the top five of each ranking. GSR is compared with its alternatives in the table above.

All comparisons

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