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GSR and Finery Markets Partner to Deliver Institutional Crypto Liquidity with Zero Slippage

By Lauren Towner · 24 June 2026

In brief: GSR has launched a strategic partnership with Finery Markets to provide firm, zero-slippage institutional crypto liquidity to over 150 global institutions via Finery's ECN technology.

Key facts
Cumulative Volume$60B+
Institutional Clients150+
OTC Volume Growth43% YoY
Geographic Reach41+ countries
Press Release: GSR and Finery Markets Partner to Deliver Institutional Crypto Liquidity with Zero Slippage | Featured Image by FF News

Quick Summary

GSR has partnered with Finery Markets to provide institutional crypto liquidity to over 150 global firms. This collaboration enables zero-slippage execution through firm quotes, addressing the surging demand for regulated, deep liquidity as OTC trading volumes outpace centralized and decentralized exchanges in 2026.

How Does the GSR Partnership Improve Institutional Crypto Liquidity?

The integration of GSR into the Finery Markets ecosystem provides institutional crypto liquidity that is specifically designed for high-stakes environments. By offering liquidity exclusively via firm quotes, the partnership eliminates the risk of slippage, ensuring that large-scale transactions are executed at the exact price displayed. This is critical for the 150+ market participants currently utilizing the Finery Markets network, including payment providers and OTC desks.

  • Zero-slippage execution for large institutional orders.
  • Access to FCA and MAS authorized liquidity provision.
  • Support for stablecoin-optimized infrastructure and diverse trading streams.

Why is OTC Trading Outperforming CEX and DEX Markets?

Market dynamics in 2026 show a clear preference for over-the-counter (OTC) solutions over traditional exchanges. Finery Markets reports that OTC volume growth reached 43% YoY in Q1, while centralized exchanges (CEX) saw a 45% decline. This shift is driven by the need for discreet capital formation and more sophisticated risk management tools that institutional crypto liquidity providers like GSR offer. As regulatory frameworks like MiCA in Europe take hold, institutions are gravitating toward trusted, non-custodial ECN technology to manage their digital asset portfolios.

What Results Has the Finery Markets ECN Technology Delivered?

Since its launch in 2019, Finery Markets has processed over $60 billion in volume, proving the scalability of its crypto-native ECN technology. The platform now serves clients across 41+ countries, providing a robust alternative to custodial trading models. By partnering with GSR, Finery Markets bolsters its institutional crypto liquidity offering, ensuring that its global network of brokers and hedge funds can access deep pools of capital with regulatory-compliant partners who hold both FCA and MAS licenses.

"We are incredibly pleased to welcome GSR, one of the largest crypto market makers, to the Finery Markets ecosystem," said Konstantin Shulga, CEO and co-founder of Finery Markets. "As the first crypto liquidity provider to achieve regulatory authorization from both the FCA and MAS, GSR's addition comes at a pivotal time, coinciding with growing demand for deep institutional liquidity on our platform. We are confident that our stablecoin-optimized infrastructure, now bolstered by GSR's presence, will significantly enhance institutional access."

Aravind Srinivasan, GSR’s Head of Systematic OTC Business, commented, “The global crypto market is entering a pivotal phase shaped by regulatory reform and shifting market expectations. MiCA in Europe and potential changes in the U.S. are reshaping how capital is formed and liquidity flows. At GSR, we’re focused on building the infrastructure that institutions need to thrive in this new era - deep liquidity, transparent markets, and trusted partnerships."

FF NEWS TAKE:

This partnership definitely moves the needle by bridging the gap between institutional crypto liquidity and regulatory compliance. GSR’s dual FCA/MAS authorization is a massive trust signal for the 150+ institutions on Finery’s network. As OTC volumes continue to cannibalize exchange market share, the move toward firm-quote, zero-slippage environments is no longer a luxury - it is the new standard for institutional digital asset trading.

Frequently asked questions

How does the GSR and Finery Markets partnership benefit institutional traders?

The partnership provides institutional traders with access to deep, firm-quote liquidity from GSR, a regulated market maker. This setup ensures a zero-slippage execution environment, which is essential for large-scale transactions that require price certainty and regulatory compliance under FCA and MAS standards.

What is the current growth rate of the crypto OTC market?

According to Finery Markets' Q1 2026 report, the OTC market is experiencing significant growth with a 43% year-over-year increase in volume. This performance outpaces both centralized exchanges (CEX), which saw a 45% decline, and decentralized exchanges (DEX), which grew by 39%.

Which regulatory licenses does GSR hold?

GSR is the first liquidity provider in the digital asset space to hold regulatory authorizations from both the Financial Conduct Authority (FCA) in the United Kingdom and the Monetary Authority of Singapore (MAS).

About the companies

GSR

Website · 5 stories on FF News since 2026

Previously on FF News:

Financial Conduct Authority

Website · 365 stories on FF News since 2021

Previously on FF News:

Monetary Authority of Singapore

Website · 86 stories on FF News since 2021

Previously on FF News:

Companies in this story: GSR, Financial Conduct Authority, Finery Markets, Monetary Authority of Singapore

People in this story: Konstantin Shulga, Alex Vlasov, Aravind Srinivasan

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