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Market Maker Keyrock Raises $72M Series B Amid FTX Contagion

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Crypto market maker KeyrockTrading has raised $72 million funding at a pivotal moment for liquidity providers post the collapse of FTX_Official. By BrandyBetz

and a massive crypto contagion that continues to spread. However, the continued survival and health of other market makers is vital to retaining stability in other crypto markets.

Founded in 2017 in Brussels, Keyrock pulled most of its assets from FTX the weekend after the CoinDesk story broke, but “a little bit” remained stuck. The amount was “not consequential” to operations or the stability of the firm and no client funds were impacted at all. The minimal exposure came down to solid risk mitigation practices and an eye toward long-term strength rather than overly rapid growth.

“We had the vision to create a system that would allow us to provide liquidity at a very large scale to all digital assets,” explained de Patoul. “Today, digital assets equal crypto. In our minds, down the line, every single asset will have a digital representation.” Keyrock was founded in Brussels in 2017 by de Patoul, Jeremy de Groodt and Juan David Mendieta. The firm uses proprietary technology to provide scalable and adaptable liquidity solutions for marketplaces and asset issuers, including more than 85 trading venues and investor Ripple.2023. In

the past year, Keyrock has expanded its trading volume threefold despite the bear market and doubled its global workforce to over 100 employees. The firm plans to double that headcount again in the coming year, going against the tide of crypto industry hiring freezes.

 

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KeyrockTrading FTX_Official BrandyBetz So you guys not going to mention Ripple in the headlines being that they are still able to to fund projects during the FTX disaster and an SEC Lawsuit? OK…

KeyrockTrading FTX_Official BrandyBetz Massive moment. Thanks for the shoutout - gonna be an explosive few years!

KeyrockTrading FTX_Official BrandyBetz DEXA_COIN

KeyrockTrading FTX_Official BrandyBetz Thankks a millon

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