Exchange Market Making
Deep, consistent liquidity across spot and perpetual markets with tight spreads and reliable quoting.
Overview
We partner with exchanges to provide deep, consistent liquidity across spot and perpetual markets. Whether the venue is a centralised order book or a decentralised protocol, we bring the same standard: tight spreads, deep books, and reliable two-sided quoting in all market conditions.
Venues
| Venue | Markets | What we provide |
|---|---|---|
| Centralised order books | Spot and perpetuals | Tight spreads, deep books, reliable two-sided quoting in all conditions |
| Decentralised protocols | Spot and perpetuals | On-chain-native liquidity with a structural edge from understanding every layer |
Why on-chain roots matter
Our roots are on-chain, and that is where our infrastructure is strongest. We understand how decentralised venues work at every layer, from transaction propagation to block construction. That gives us a structural edge when providing liquidity on DEXs that most traditional market makers do not have.
Read our deep-dive on how MEV experience translates into better market making: MEV and Market Making: Turning the Predator's Playbook into Edge.
Working with exchange teams
We work closely with exchange teams to improve trading conditions for their users, reduce slippage, and bring institutional-grade execution quality to every pair we cover.
Vault market making
We design, deploy, and manage on-chain liquidity vaults for protocols that need active, intelligent market making within their own infrastructure. Think HLP-style vaults: protocol-native liquidity pools where capital is actively managed rather than passively deposited.
| Venue type | Spot | Perpetuals |
|---|---|---|
| Concentrated liquidity AMMs | Yes | Yes |
| On-chain order books | Yes | Yes |
| Hybrid models | Yes | Yes |
- Standalone product
- Part of a broader liquidity programme alongside token and exchange market making