Weโre aware of scam messages impersonating Keyrock recruiters.
If you get an unexpected interview invite or โopportunityโ claiming to be from us and youโre unsure itโs real, email [email protected] โ weโll confirm.
We will never ask candidates to pay for hiring support or related services.
Keyrock is opening its internship programme for March 2027.
Four six-month positions based in Brussels: DeFi quant research & HFT analysis (digital assets market making), innovation quant (DeFi/corporate development), DeFi quant trading (credit).
Applications close 30 Nov. keyrock.com/careers/
1/ Update on the Binance situation.
Keyrock is closely monitoring the recent Binance security incident. Our Security and Trading teams identified the situation at an early stage and have been working around the clock in close coordination with our partners and Binance directly.
Other than the effects of Binanceโs temporary suspension of deposits and withdrawals, we do not currently anticipate any material disruption to our operations across Binance or other exchange venues, nor to the services and commitments we maintain towards our clients.
Keyrock Offsite, Sicily โ 2026 ๐ฎ๐น
One week in Sicily, and more than an offsite.
We used the time to look at the year, run workshops and training, and spend it with colleagues we rarely see in person. From there, we set the direction for what comes next.
Expect more.
Last week in Singapore, our CCO @stefwynendaele dived into "The New Shape of Market Structure" and discussed how market structure shifts as liquidity providers expand into exchanges and ETFs.
Missed our latest report about underwriting digital credit liquidity?
We measure the liquidity of the Bitcoin-backed preferreds issued by Strategy and Strive against the bar a collateral asset has to clear.
Read the full report:
keyrock.com/underwriting-digโฆ
Keyrock ๐๐ชจ retweeted
New piece out with @keyrock on how liquid Bitcoin-backed preferreds actually are, measured against what a collateral asset would need.
$STRC trades around $150m a day, more than PFF. Picture a firm wanting to trade a $50m position, and only wanting to take 20% of daily volume. They could exit STRC in under 2 trading days. $SATA takes around 5, roughly half what it took over the summer.
The result I didn't expect is that liquidity tracks distance from par far more than it tracks Bitcoin. A couple of percent below $100, the same trade moves the price around 4x as much.
Last week at CV Summit, Melchior de Villeneuve, spoke on the panel "Both Sides of the Trade: Building the Rails and Making the Market".
He joined Frederic Volpe (@binance) and Juan Lopez Carretero (@StellarOrg), with Emilio Anting (@FranklnTempletn) moderating.
The conversation covered institutional market infrastructure and the evolution of digital asset trading.
Open USD (OUSD) is live.
Proud to be part of the @openstandard network as OUSD comes to market, with Coinbase, Mastercard, Shopify, Stripe, and Visa as founding partners, and more than 200 companies building alongside it.
Excited to support whatโs next with Open Standard and the wider partner ecosystem.












