Swiss approval paves the way for Keyrock's OTC Trading expansion

Within the scope of our OTC trading desk expansion, Keyrock has reached another major milestone with its successful registration with the Financial Services Standard Association (“VQF”) in Switzerland. This achievement is a testament to our dedication to adhering to stringent Anti-Money Laundering Act (“AMLA”) regulations in Swiss financial markets.

The registration process involved a comprehensive review of Keyrock’s internal controls, processes, and procedures to ensure compliance with the AMLA guidelines. Following the VQF’s extensive evaluation, this positive outcome confirms that Keyrock meets the rigorous standards set by one of Switzerland’s most respected self-regulatory organizations.

Keyrock’s VQF membership further enhances our reputation as a trusted partner, operating with the highest levels of integrity, transparency, and accountability. Furthermore, our engagement with the VQF signifies Keyrock’s dedication to regulatory matters and our continued aim to advance the industry responsibly. Kevin de Patoul comments: “Securing the VQF membership reinforces Keyrock’s stance on upholding rigorous regulatory standards within the crypto space. As the landscape evolves, our focus remains steadfast on ensuring both compliance and trust in our services.”

Reza Ghadiri-Zare, Keyrock’s General Counsel, added: “As Keyrock continues to expand its activities into new jurisdictions, this milestone confirms our commitment to engage with regulatory authorities globally to align our operations with the highest level of compliance requirements.”

Being both a global liquidity provider and active in the OTC market requires the agility to evolve and innovate constantly.  Keyrock’s international scope is as much a demonstration of our dedication to innovation and dynamic growth abilities as it is a direct response to the more diverse and complex demand of our partners and the competitive landscape, “Operating as a market maker ensures a position that is in perfect harmony with our clients’ OTC needs, as our primary focus at Keyrock is to provide liquidity at the most favorable prices,” explains Brad Howell, Managing Director UK at Keyrock.

He continues: “For this reason, the expansion of our OTC services is not just a tactic but a logical strategy in our growth. Working with a market maker like Keyrock for OTC trades allows us access to liquidity both internally and externally. As a result, we find ourselves in a robust position to offer incredibly tight spreads and  fast settlements, ensuring quality service around the clock.”