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Keyrock Aims to Strengthen Global Crypto Market Presence with U.S. Expansion

The digital asset market maker launches a U.S. entity to enhance institutional trading solutions amid evolving regulations.
By: Jona Jaupi • March 19, 2025
Keyrock Aims to Strengthen Global Crypto Market Presence with U.S. Expansion

Keyrock, a global crypto investment firm specializing in market making, OTC, and options trading, has announced the launch of its U.S. entity at the Digital Asset Summit (DAS) in New York.

As U.S. digital asset regulations evolve, Keyrock aims to establish itself as a leading liquidity provider and trading solutions expert for institutional investors. Overseeing the expansion is Robert Valdes-Rodriguez, Chief Commercial Officer, who will lead the development of Keyrock’s New York office.

By setting up a regulated U.S. entity, the firm seeks to enhance liquidity, offer advanced trading solutions, and provide seamless access to global markets.

“We've been keeping a very close eye on the market in the U.S. for the last three or four years,” Keyrock CEO Kevin de Patoul told The Defiant at DAS. “The U.S. is by far the biggest financial market in the world—we knew digital assets would eventually follow the same path.”

Expansion Strategy

As Keyrock establishes its U.S. operations, its immediate focus will be over-the-counter (OTC) trading.

“In the short to mid-term, our real focus is going to be OTC trading,” de Patoul explained. “That includes both spot and options, as we see strong demand in these areas.”

Beyond OTC trading, any expansion will depend entirely on regulatory clarity. “How the roadmap kind of goes after that will depend on the regulatory clarity that we're going to be able to meet,” he added.

With operations spanning Belgium, the UK, Switzerland, and Singapore, de Patoul views the U.S. as a natural next step in Keyrock’s global expansion.

Navigating Regulatory Uncertainty

Keyrock’s expansion coincides with evolving US regulations, a new presidential administration, and lawmakers who are constantly refining their stance on digital assets. While some firms have struggled with the shifting regulatory landscape, Keyrock views emerging clarity as an opportunity rather than a challenge.

While the firm sees signs of an improving climate, uncertainty remains. “That’s why we’re taking a cautious, step-by-step approach—ensuring everything we do is fully compliant with the clarity available today,” de Patoul emphasized.

Growth Potential

As Keyrock sets its sights on long-term growth in the U.S., de Patoul believes the broader digital asset landscape will continue evolving rapidly.

“In five years, growth is a certainty,” he said. “For a long time, people have been saying ‘institutions are coming’— but now, they’re here. It’s happening.”

While traditional assets will still have a place, de Patoul foresees tremendous expansion in digital assets, with adoption becoming increasingly mainstream. “Right now, there’s a strong focus on emerging markets, but eventually, anyone interacting with FinTechs today will also be engaging with crypto,” he added.

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