Talking about Keyrock, Andreas Iten, Head SIX Fintech Ventures said, “They showed incredible resilience and with the current founding round we believe Keyrock will establish itself as one of the top-tier liquidity solution providers for digital assets not only in Europe but globally. Other SIX blockchain investments have included daura, Custodigit and Omniex. Meanwhile, SIX has made several investments in the digital assets sector apart from its own SIX Digital Exchange ( SDX), which is active in both crypto and tokenized traditional securities. Major crypto native players include SBI-owned B2C2, GSR, Wintermute and Kairon Labs. Some of the biggest players in the sector are linked to high frequency trading firms such as Cumberland (DRW), Virtu Financial and Jump Crypto. Alameda Research went bust last month, causing a halt in withdrawals at Genesis Capital, the lending arm of market maker Genesis Trading. Market making in crypto is focused on algorithmic trading and Keyrock participates in 85 venues, including both centralized and decentralized exchanges. It says its trading volume has grown threefold in the past year while market activity has shrunk by 50%. “We have been partners for over three years and watched Keyrock’s global success.”įounded in Belgium, the company has an office in London with plans to expand to Switzerland and Singapore in 2023. “Keyrock has provided scalable liquidity solutions to all kinds of stakeholders in the digital asset space, including Ripple,” said Maxime Fages, Director of Institutional Markets at Ripple. Ripple joined the Series B as a new backer. Kairon Labs performs liquidity provisioning and algorithmic trading services as a designated market maker for their clients, supporting over 120 exchanges. It includes SIX Fintech Ventures and Middlegame Ventures, who both participated in its €4.3 m Series A two years ago. Yesterday cryptocurrency market maker Keyrock announced a $72 million Series B funding round. Kairon Labs has been in the business for 4 years, onboarded a total of 250+ clients, and are available in about 80+ exchanges operating 24/7 around the globe with a market presence in North.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |