Partnership aims to enhance Keyrock's market-making with financial services.
Deutsche Bank has announced a new partnership with Keyrock, a firm specializing in market-making for cryptocurrencies. This collaboration aims to enhance Keyrock's operations by providing them with essential financial services.
Deutsche Bank will offer Keyrock multi-currency accounts and foreign exchange services. These services are crucial for Keyrock as they engage in market-making and over-the-counter (OTC) operations in the crypto space. By having access to these services, Keyrock can manage its currency needs more efficiently, ensuring smoother transactions and operations.
Market-making involves providing liquidity to the market by being ready to buy and sell assets at any time. This helps stabilize prices and ensures that trades can happen without significant delays. On the other hand, OTC operations involve trading assets directly between two parties, often used for large transactions that might disrupt regular market prices.
The partnership between Deutsche Bank and Keyrock signifies a growing acceptance and integration of cryptocurrency operations within traditional financial systems. By providing FX services, Deutsche Bank is helping to bridge the gap between traditional finance and the emerging crypto markets.
