Deutsche Bank Will Offer Foreign Exchange Services to a Crypto Market Maker

Reading Time: < 1 minute

Deutsche Bank and Keyrock, a market maker specializing in cryptocurrencies, have joined forces to offer multi-currency accounts and foreign exchange services.

The partnership aims to enhance Keyrock’s market-making and OTC trading services, as well as minimize counterparty and settlement risks by consolidating services with one banking entity.

Established in 2017, Keyrock provides liquidity solutions for digital assets and offers market-making and OTC trading for over 100 currency pairs across approximately 400 markets.

By utilizing Deutsche Bank’s infrastructure, Keyrock intends to expand its presence in strategic regions such as EMEA, APAC, and LATAM.

The bank will support more than 10 currencies through its multi-currency accounts and enable “near-instant settlements” to streamline Keyrock’s fiat currency transactions.