Keyrock combines principal OTC dealing with market-making infrastructure. Its French terms say the company itself is the transaction counterparty, while the wider group offers other services under separate agreements. The French MiCA record establishes five authorised crypto services; the group’s legal disclaimer, rather than broad marketing references to wealthy investors, defines its business-only client approach.[3][2][5]
OTC relationship
| Item | Published terms |
|---|---|
| Execution role | Direct principal counterparty under French termsSource 1Source 3Source 5 |
| Access | Assigned traders and API automationSource 1Source 3Source 5 |
| Audience | Business counterparties; no retail/consumer serviceSource 1Source 3Source 5 |
| Commercial terms | Agreement and pre-onboarding pricing policySource 1Source 3Source 5 |
Markets & services
Sections ↑Dealing channels
Services that require different agreements
Principal execution places Keyrock on the other side of the client trade. Its hedging or venue connections explain how it manages that exposure; they do not turn the client’s trade into an anonymous order on every connected exchange.[3][1]
Contract hierarchy
Fees & commercial terms
Sections ↑How OTC prices are formed
Commercial disclosures
What a price comparison measures
Deposits, withdrawals & settlement
Sections ↑Execution and settlement relationship
| Item | Published terms |
|---|---|
| Commercial aim | Execution, liquidity and settlement in one relationshipSource 1Source 3 |
| Timing | Bespoke size/timing/settlement; no universal public completion deadlineSource 1Source 3 |
| Funding detail | Bank accounts, wallets, collateral and value dates are agreement-specificSource 1Source 3 |
Contract structures disclosed
Custody & asset handling
Sections ↑Permission versus asset arrangement
| Item | Published terms |
|---|---|
| Custody permission | Listed in AMF’s current French CASP entrySource 2Source 3 |
| Client’s actual custody | Determined by custody agreement and trade structureSource 2Source 3 |
| Principal transaction | Contractual delivery exposure remains distinct from safekeepingSource 2Source 3 |
Operational responsibilities
Client eligibility & restrictions
Sections ↑Business-client access
| Item | Published terms |
|---|---|
| Group disclaimer | No services to retail investors or consumersSource 5Source 3 |
| French legal terms | Legal entity represented by an authorised natural personSource 5Source 3 |
| Onboarding | Required information must be complete; prohibited persons are rejectedSource 5Source 3 |
The OTC marketing page lists high-net-worth individuals among typical industry users. That broad description does not override Keyrock’s own business-only disclaimer or the French service’s legal-entity requirement.[1][5][3]
United States restriction
United Kingdom distribution
Support & contacts
Sections ↑Access and incident handling
Authorisations & registrations
Sections ↑Current French authorisation
Five authorised services
Scope and historical references
| Item | Published terms |
|---|---|
| Trading platform operation | Not one of the five listed servicesSource 2Source 5Source 3 |
| Derivatives | Cannot be inferred from this MiCA crypto-services entrySource 2Source 5Source 3 |
| Legacy registration | E2024-115 remains in some company pages; distinct from current MiCA statusSource 2Source 5Source 3 |
Operator & entity scope
Sections ↑French entity identifiers
Group context
- Operator
- Keyrock FR SAS for the French service; other Keyrock entities by contract
- Exchange model
- Centralised
- Service scope
- Principal OTC crypto dealing with dedicated traders and API execution. Issuer market making and other group activities use separate commercial agreements.
- Client types
- Professional clients; Institutional clients
- Pricing publication
- Quote only
- Other names
- Keyrock France; Keyrock Group
- Headquarters
- Paris, France (French entity); group international
- Covered jurisdictions
- France; European Union
- Pricing scope
- Proprietary quoted prices include liquidity, spread and other counterparty considerations. The pricing policy is communicated before onboarding and on request; fees may vary by agreement.
- Funding scope
- Bilateral on-chain and fiat/crypto settlement methods negotiated under custody, agency or master trade documents.
- Custody and asset handling
- French MiCA permissions include custody and administration. Custody-and-agent and custody-and-master-trade documents govern particular arrangements; authorisation alone does not determine asset title in each trade.
- Client eligibility
- The group disclaimer states B2B only, with no retail investor or consumer service. French terms require a legal entity with an authorised representative. US persons are excluded under the published definition; UK distribution is restricted to stated professional/high-net-worth corporate categories.
- Support
- Assigned OTC traders advertised 24/7. Formal rights and escalation depend on the named contracting company and agreement.
- Authorisation and registration scope
- AMF lists KEYROCK FR SAS, MiCA A2026-017 dated 12 June 2026, for custody, fiat/crypto exchange, crypto/crypto exchange, execution and transfers. Legacy E2024-115 references on company pages are distinct from the current MiCA licence.
Exchange metadata checked 27 Oct 2026Source 1Source 2Source 3Source 4Source 5
Covered contracting entities
Sources & further reading
- Institutional OTC trading service Keyrock · Accessed 27 Oct 2026
- French CASP authorisation A2026-017 Autorité des Marchés Financiers · Accessed 27 Oct 2026
- Keyrock France OTC, custody and principal dealing terms Keyrock · Accessed 27 Oct 2026
- Keyrock MiCA authorisation announcement Keyrock · Accessed 27 Oct 2026
- Keyrock legal disclaimers and investor eligibility Keyrock · Accessed 27 Oct 2026
This profile reports dated public information, including exchange-published services and terms. It does not independently test or guarantee trading, custody, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.