Disclaimer
General
This website, its content, and any information provided by Keyrock SA and its affiliates is solely for discussion and information purposes only and does not constitute an offer or firm commitment of any kind to provide any investment opportunity, product, or return.
Geographical regulatory restrictions
Products and services may be provided by different Keyrock’s group entities depending on the jurisdiction of the client and the regulatory status of the product or service.
Investors / consumers
Keyrock is a B2B company and does not transact with, or provide any service to any retail investor or consumer.
Keyrock France
Keyrock FR SAS is a French simplified joint stock company, part of the Keyrock Group. Keyrock FR is registered with the French Autorité des Marchés Financiers (AMF) as a Digital Assets Services Provider under number E2024-115. In compliance with the scope of its registration, Keyrock FR provides the following services to French users: OTC trading, market making and liquidity pool management. Keyrock FR does not provide the following services: option desk, treasury solutions and ecosystem development. For more information, the Terms of Use applicable to Keyrock FR are available here.
Keyrock UK
Keyrock UK Limited is registered in England and Wales with the company number 13722013 and has the legal entity identifier number 9845001FL1012D640C61.
The contents of this website and the services within are available and directed to you in the UK in reliance of the exemptions available under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FPO”) to the extent you declare yourself to be either an investment professional (under section 19 of FPO) or an authorised person of high net worth companies, unincorporated associations etc. (under section 49 of FPO).
If you do not have professional experience in matters relating to investments or do not represent high net worth companies, unincorporated associations etc., you should not rely on the contents of the website or act upon them. The services mentioned in the website are only available to you if you fall into the definition of the categories under sections 19 and 49 of FPO.
High net worth companies, unincorporated associations etc. include companies with a called-up share capital or net assets of not less than £500,000 (where the company has more than 20 members) or otherwise £5,000,000; unincorporated associations or partnerships with net assets of not less than £5,000,000; high net worth trusts with an aggregate amount of cash and investment of not less than £10,000,000 or has been £10,000,000 or more at any time during the year immediately prior to accessing this website.
The Financial Ombudsman Service and the Financial Services Compensation Scheme are not available to you with respect to the cryptoasset services and activities you receive from Keyrock UK Limited.
US
Our services are not available to anyone who is (1) a natural person resident in the United States, (2) a legal entity organized or incorporated under the laws of the United States; (3) estate of which any executor or administrator is a U.S. person; (4) a trust of which any trustee is a U.S. person; (4) an agency or branch of a foreign entity located in the United States; (5) non-discretionary account or similar account held by a dealer or other fiduciary for the benefit or account of a U.S. person; (6) a discretionary account or similar account held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; or (7) with certain exceptions any legal entity formed under the laws of a jurisdiction outside the United States, if the entity was formed by a U.S. person principally for the purpose of investing in securities not registered under the U.S. Securities Act of 1933
Trading in digital assets involve risks
Trading and holding digital assets involve significant risks, including market volatility, potential loss of capital, technological vulnerabilities, and regulatory changes. Digital assets may not be covered by investor protection schemes, and their value can fluctuate widely. Before engaging in digital asset transactions, ensure you understand the associated risks and seek independent professional advice if needed. You must understand that past performances are not an indicator or future results and that you are solely responsible for complying with applicable laws in your jurisdiction
For more detailed information of risks associated with digital assets, please see below. The risks outlined below are not exhaustive. Additional risks may arise based on specific circumstances, regulatory changes, or market conditions.
Price Volatility
Prices of digital assets may fluctuate significantly in a short period of time. Due to such price fluctuations, digital assets may increase in value or lose value at any given moment or may even become worthless. That is an inherent risk of buying, selling, trading or holding anything on the digital asset market.Digital assets trading is especially susceptible to bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse because of unexpected changes imposed by the software developers, government policy, the creation of competing currencies or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems such as in the event the anonymity of the system is compromised, if money is lost or stolen or if hackers or governments are able to prevent any transactions from settling.
Complexity of Digital Assets
Digital assets vary in types and characteristics, they are functioning on different chains and their inherent characteristics might not be transparent to the users. Therefore, digital assets and services related thereto may often be complex and not easy to understand.
No Protection of Investment
Investment in digital assets are usually not protected by any type of governmental reserves as in the case of investments in traditional financial sectors (e.g. bank deposits).
Risk of low liquidity
You might face circumstances in which you will be unable to sell specific digital assets that you hold. For example, there might be no demand for specific crypto assets at a given time or digital assets may get delisted from trading venues.
Trading Strategies Risk
All the strategies of Keyrock focus on market neutrality and the maximum mitigation of market risks. Due to market anomalies, unfair competition, operational anomalies (example: API downtimes or exchanges closing operations without prior notice) or simply statistical anomalies, the Keyrock’s strategies are also exposed to risks.Operational Risk
The security of assets is crucial to Keyrock. Therefore, Keyrock takes a range of measures to ensure security. For instance, the distribution of assets on various digital asset exchanges. Keyrock does this to diversify the risk of loss due to hacks or attacks on a particular exchange. However, the operational risk cannot be eliminated.Regulatory Risks
Digital assets do not have a clear regulatory framework in all jurisdictions. The position of financial regulation authorities as well as governments around the world is sometimes unclear. Therefore, there is a risk associated with potential bans from governments, changes in taxation law, special rulings from the financial regulation authority and in general any regulation that could affect the use of any digital assets.
The availability and legality of digital assets and digital asset trading may vary by jurisdiction. It is the responsibility of users to ensure that their activities comply with all applicable laws and regulations in their respective jurisdictions.
Smart Contract Risks
Digital assets trading might require direct or indirect interactions with smart contracts. Smart contracts are self-executing agreements with the terms of the agreement directly written into code. While smart contracts offer numerous benefits, such as automation, transparency, and efficiency, they also introduce unique risks, including but not limited to coding errors, vulnerabilities, and unforeseen circumstances that may result in financial loss or other damages.
Some specific risks related to smart contracts include:
● Coding Errors: Smart contracts are written in code, and any coding errors or vulnerabilities can lead to unintended consequences or exploitation by malicious actors. These errors can result in financial loss, contract failure, or unauthorized access to sensitive information.
● Security Vulnerabilities: Smart contracts are stored on a blockchain, which is generally considered secure. However, vulnerabilities in the underlying blockchain technology or implementation can expose smart contracts to security risks, such as hacking, unauthorized modifications, or denial-of-service attacks.
● Immutable Execution: Once a smart contract is deployed on a blockchain, it becomes immutable and cannot be easily modified or revoked. If there are errors or flaws in the contract, it may be challenging to rectify them without resorting to additional smart contracts or manual interventions.
● External Data Dependency: Smart contracts often rely on external data sources or oracles to execute certain conditions or trigger events. If these external data sources are compromised or manipulated, it can lead to inaccurate or fraudulent execution of the smart contract.
● Regulatory Compliance: Smart contracts may need to comply with existing legal and regulatory frameworks. Failure to address regulatory requirements can result in legal consequences or non-enforceability of the contract.
● Lack of Standardization: The lack of standardized practices, protocols, and auditing mechanisms for smart contracts can make it challenging to assess and mitigate risks consistently across different contracts and platforms.
● Front-End and Domain Security: The front-end and/or domain related to smart contracts and associated decentralised applications, may be vulnerable to hacking or other security risks that could: (i) facilitate unauthorised access; and/or (ii) mislead prospective deployments into fraudulent protocols. The foregoing can lead to an irretrievable loss of assets.
● Insider Risk: Smart contracts and dApps may be manipulated and/or materially altered by individuals that have access to the smart contract code and supporting components, that may deliberately or negligently amend the smart contract code and supporting components with adverse consequences.