GSR receives FINRA approval to acquire securities firm

Cryptocurrency market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to acquire securities firm Equilibrium Capital Services. According to The Block, Equilibrium Capital Services is a Portland-based securities firm registered with the U.S. Securities and Exchange Commission (SEC). GSR stated the acquisition will strengthen its U.S. presence and allow it to better support institutional clients through a broker-dealer platform.