Yesterday cryptocurrency market maker Keyrock announced a $72 million Series B funding round. It includes SIX Fintech Ventures and Middlegame Ventures, who both participated in its €4.3 m Series A two years ago. Ripple joined the Series B as a new backer.
“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. “We have been partners for over three years and watched Keyrock’s global success.”
Founded in Belgium, the company has an office in London with plans to expand to Switzerland and Singapore in 2023. It says its trading volume has grown threefold in the past year while market activity has shrunk by 50%.
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