For Crypto Exchanges & Projects
Our market making offer
We cover most vetted exchanges and tokens
We support liquidity for your milestone events, e.g. new listing, a large customer onboarding
We facilitate any off-exchange blocks
We guarantee competitive spreads and our quotes don't disappear in fast markets
We help you to define the right liquidity parameters
Our proprietary algorithms provide liquidity 24/7, supported by experienced traders
We create liquid, efficient markets across most trading platforms, coins and pairs
Wintermute partners with selected exchanges, trading platforms and projects to help them achieve targeted liquidity. We support all major vetted exchanges and coins, as well as new innovative projects.
Ways to partner with us
Partner with Wintermute
We partner with exchanges and trading platform where we see common goals and values:
Exchanges with high vetted volumes
Compliant exchanges with robust security and risk management
Exchanges with thoughtful market making programs
Selected innovative exchanges and projects that build the future of decentalized finance
to help you grow
We offer market making services to earlier stage exchanges and project expecting to get listed on top-tier exchanges; once you get to high volume we waive our fees.
Contact us to learn more!
Learn more about why projects need market making support at time of listing and beyond. Wintermute only engages in "Good" market making that would be fully compliant in the traditional financial markets. Read our CEO's blogpost on the topic to learn more the Good, Bad, and Ugly tactics of crypto market making.
Frequently asked questions
What is market making?
Market making is providing liquidity on the capital markets to make sure there is enough volume at a reasonable price for investors to buy and sell tokens. Market makers provide bids and offers and make money on the spread, just like a currency exchange kiosk. Market making is not new to crypto, it is a well-established financial practice used in the traditional financial markets for decades. You can learn more about crypto market making in our dedicated blogpost.
Can I do market making myself or use a trading bot?
The best crypto market making firms have proprietary software, large development teams and professional traders with years of industry experience. Market making requires major investments in IT infrastructure, algorithm development, risk management policies, and access to working capital. Trading bots are usually very simple algorithms. They may work on “good days” in under-developed markets, but most are not robust and fast enough to compete with the professional market makers.
If I am listed project, doesn't the exchange take care of liquidity?
Does market making help me get listed?
Having a market maker on board helps you get listed on a crypto exchange, especially if it is a higher tier exchange. The biggest worry of an exchange is having a listed project without trading going on. If the exchange knows that the project has a good market maker, they expect certain trading activity and, therefore, can rely on consistent trading fees. Wintermute is an official market maker and partner on 30+ major exchanges. We know the advantages of different exchanges and can advise you on the best exchage to get listed.
Why do I need a secondary listing on a crypto exchange?
Does every listed token need market making?
My market liquidity deteriorated. Can liquidity always be restored?
Market demand driven by high-quality product and product marketing is a prerequisite for long-term liquidity. However, many good projects, especially in the early years or at times of bear markets (“crypto winter”), lack liquidity for reasons that are not internal to the project. In these cases, market making can significantly improve your chances to restore liquidity. Please connect with us and we can give you specific advice on what can be done in your situation.
Isn't market making a market manipulation?
Market making is an established and sophisticated financial practice used for decades in traditional financial markets by some of the world’s best banks, hedge funds (e.g., Citadel), and proprietary trading firms (e.g., Virtu Financial, Optiver, Jump Trading). In traditional financial markets, market making it is established, and the times of the Wild West are long gone. In crypto, some agents misuse the term. Read more about the Good, the Bad, and the Ugly practices of crypto market making. Wintermute only participates in the Good practices that are similar to the practices employed by the world’s best market makers in the traditional markets. Actually, all Wintermute founders came from the world’s leading high-frequency trading house.
Can market makers "create a trend", promise specific volume or prices?
What can Wintermute Trading commit to?
We sent you a message but you haven't responded
We get a lot of questions and requests for market making services. Trust us, we read them all! Unfortunately, many of the messages are from extremely early stage ventures which we are unable to vet. We also get many messages from small projects or exchanges who (we think) are not engaged in the "Good" practices. We published a lot of content here and we are very transparent about our position. We are a startup ourselves with limited resources and we focus these resources on the projects where we see a mutually benefitial relationship. If you believe we have overlooked you, ping us again - you know where to find us.
When do market makers provide markets for free?
Every professional market maker has some kind of formal or informal threshold of when they can make profit. The threshold differs depending on the level of market maker sophistication, but generally a daily volume of at least $5M/pair is attractive for a crypto market maker.