Keyrock is a market maker and liquidity provider active since 2017, offering market making, OTC, an options desk and on-chain liquidity. It was named on the ssv.network Foundation’s 2024 shortlist for a 100,000 SSV token loan to be split across at least two market makers for 12–18 months, with a ban on using the loaned tokens on DEXs. We did not find public pricing or a signed public term sheet.
Key takeaways
- Self-description: “Scaling liquidity and pricing assets since 2017. Market making, OTC, options.”
- Public deals on record: 1 (see table).
- No published price list; terms are negotiated per project.
- Disclosure: CEX Ready is not paid by this firm. We may be paid for introductions to other vetted partners.
Keyrock at a glance
| How it describes itself | “Scaling liquidity and pricing assets since 2017. Market making, OTC, options.” |
| Type of firm | Market maker and liquidity provider |
| Services listed on its website | Market making, OTC trading, options desk, on-chain liquidity, ecosystem development, validator services, asset management |
| Published prices | None found |
| Official website | keyrock.com |
- Keyrock says it has been providing liquidity since 2017.
Descriptions come from Keyrock’s own website and documents, checked on 12 November 2026. CEX Ready has no commercial relationship with Keyrock and is not paid by it.
Public deals on record
From documents published by the projects themselves. Proposals can change before signing; we note outcomes where the source states them.
| Date | Project | Published terms | Status |
|---|---|---|---|
| Jun 2024 | ssv.network (SSV) | Named on the shortlist for a 100,000 SSV loan to be split across at least two market makers for 12–18 months | Proposal (DIP-20); final selection not stated in the proposal |
All public deals across firms: 13 public market-maker deals compared (CSV).
Comparing market makers? Get a second proposal. Get matched with a market maker →
Who it may fit
Keyrock lists options and on-chain liquidity alongside market making, so it may suit projects that want CEX books plus DeFi pools under one counterparty. Ask how the two are reported separately.
Questions to ask Keyrock before you sign
- Will CEX and on-chain liquidity be measured with separate KPIs and reports?
- Can loaned tokens be used on DEXs or for hedging, and where is that written?
- Is the structure a loan, a retainer, or a hybrid?
- Which legal entity contracts with you, and under which jurisdiction?
Then run the same questions past at least two other firms. Our market maker scorecard and proposal comparison guide show how to score them on one sheet, and the cost calculator prices a loan’s option.
Due diligence on any market maker
Search the firm’s legal entity name in SEC, U.S. Department of Justice, CFTC and your own regulator’s enforcement releases and in court records. In 2024–2025 U.S. authorities charged and later convicted several firms that sold “market making” which was in fact wash trading; see market-maker enforcement cases. A contract that bans wash and self-trading, gives you read-only data access, and states KPIs per venue protects you whoever you hire.
Frequently asked questions
Does Keyrock publish its market-making prices?
No. We did not find a price list on Keyrock’s website. Public deal terms on record are listed on this page.
What structures does Keyrock use?
From the public documents on this page: Named on the shortlist for a 100,000 SSV loan to be split across at least two market makers for 12–18 months.
Is Keyrock the right market maker for my token?
It depends on your stage, venues, treasury and the structure offered. Shortlist three firms of the right type, send each the same scope, and score them on KPIs, transparency, structure and compliance. See how to choose a market maker.
Sources
- Keyrock official website
- ssv.network forum: DIP-20 SSV Foundation Market-Making Service Agreements (2024)
- U.S. SEC press release 2024-166: SEC charges three so-called market makers and nine individuals
Last reviewed 12 November 2026. Exchange and platform policies change; always confirm on the official page before acting.