Keyrock, a cryptocurrency market-making firm, is establishing a new entity in the United States and will be setting up its office in New York, as announced in a press release on Tuesday.
Leading the development of the New York branch will be Robert Valdes-Rodriguez, the company’s chief commercial officer.
With over 25 years in senior management at renowned financial institutions such as ABN AMRO, Scotiabank, and Credit Agricole, Valdes-Rodriguez brings a wealth of experience to the role.
Anticipation of enhanced regulatory clarity in the U.S. under the administration of President Donald Trump is believed to usher in significant growth in the digital asset sector.
The Securities and Exchange Commission has initiated a new cryptocurrency task force, chaired by Commissioner Hester Peirce, to draft fresh regulations for the industry.
“The U.S., being the largest capital market globally, is an ideal location for our goal of becoming one of the significant players in the international financial arenas,” stated Keyrock’s CEO, Kevin de Patroul, in the release.
Founded in Brussels in 2017, Keyrock also operates in Belgium, the U.K., Switzerland, and France.
The firm is known for providing liquidity across more than 85 centralized and decentralized trading platforms worldwide. Currently, Keyrock employs 170 individuals and has a presence in 37 countries.