Crypto Market Maker Keyrock Launches U.S. Entity as Regulatory Climate Set to Improve

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Cryptocurrency market maker Keyrock is launching a new entity in the U.S. and opening an office in New York, the company said in a press release on Tuesday.

Robert Valdes-Rodriguez, Keyrock’s chief commercial officer, will lead the development of the New York business, the company said.

Valdes-Rodriguez has more than 25 years of experience in senior management roles at traditional finance institutions including ABN AMRO, Scotiabank and Credit Agricole.

Improving regulatory clarity in the U.S. under President Donald Trump’s new administration is expected to lead to a boom in digital assets.

The Securities and Exchange Commission (SEC) has formed a new crypto task force led by Commissioner Hester Peirce to draft new regulation for the industry.

“The U.S., as the largest capital market in the world, is a natural fit for our ambitions to eventually become one of the largest players in global financial markets,” said Kevin de Patroul, CEO of Keyrock, in the release.

Keyrock was founded in Brussels in 2017, and has existing entities in Belgium, the U.K., Switzerland and France.

The crypto market maker provides liquidity to over 85 centralized and decentralized trading venues globally. The firm has 170 employees and operates across 37 countries.

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