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It is not marketable.
It can be bought through the store page of unturned though and is used to open mystery boxes.
The tags on it will include “Not marketable” after it is tradeable.
However, there are still keys out there that CAN be marketable, but those keys are OLD.
If you intend to sell it to "make profit" tough luck, unless of course you cancel the trade.
In short, you can no longer sell new keys, but old ones who are not affected by this, can be sold.