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GSR Expands Institutional Platform to Raise Transparency, Control in Crypto Trading

GSR upgraded GSR One, unifying market making, over-the-counter trading and treasury services as demand for institutional-grade crypto infrastructure increases.

Nov 21, 2025, 1:59 p.m.
Computer monitors and a laptop screen show trading charts on a desk overlooking an expanse of water at sunset. (sergeitokmakov/Pixabay, modified by CoinDesk)
Crypto liquidity provider GSR has rolled out a major expansion of GSR One, its institutional trading and treasury platform. (sergeitokmakov/Pixabay, modified by CoinDesk)

What to know:

  • GSR said GSR One has been expanded into a unified trading and treasury platform offering real-time data and control for institutional crypto clients.
  • The upgrade responds to rising demand for transparency, risk management, and workflow consolidation following recent bouts of market volatility.

Crypto liquidity provider GSR said it expanded its institutional trading and treasury platform, GSR One, to unify market making, systematic OTC trading and treasury management into a single system.

The enhancement gives clients real-time visibility across every layer of market activity, GSR said on Thursday. Features include order book depth, custom analytics, programmatic execution tracking, enhanced market making insights and direct wallet control and security management.

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GSR said the move reflects a full-stack approach for institutions, which are increasingly demanding reliability and accountability from crypto counterparties. CEO Xin Song said the system allows clients to gain access to "the same systems and analytics" supporting GSR’s internal operations.

The firm emphasized that recent market volatility has highlighted the importance of robust, transparent liquidity provision — an area in which institutional players have sought more data-rich tools. The total crypto market cap has slumped by about a third from its peak in early October, according to data on TradingView.

GSR One also improves onboarding, integrates treasury workflows, and provides a scalable foundation for what GSR calls "the next generation of institutional digital asset infrastructure." The upgrade follows enhancements to GSR’s systematic OTC platform earlier this year, including expanded FX capabilities and wider asset coverage.

By consolidating trading, execution, and treasury functions into a transparent, data-led environment, GSR aims to push crypto markets closer to the standards expected in traditional financial (TradFi) infrastructure.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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