Market making for a new exchange listing

A listing is a date; liquidity is what the exchange and your holders see every day after it. Exchanges track spread, depth at the top of the book and how often both sides are quoted. A pair that misses those marks picks up warnings first and a delisting review later. Two-sided quotes from the first minute of trading are how a new pair avoids that path.

1.What the first weeks decide

• Spread: exchanges compare your pair with others of similar volume. A gap of 1% or more between best bid and best ask while peers sit at 0.2–0.5% is the first thing a listing team flags.
• Both sides, all hours: a book that is empty on one side at night in your main market’s time zone lets a single order move the price by several percent.
• Top of book: add up the orders within a few ticks of the mid price. If a $500 trade would eat through them, funds and traders stay away.
• Inventory: market making means buying and selling, so you need both tokens and stablecoins on the exchange. We agree the amounts and the limits with you before the first order.

Not sure how your pair reads? The six checks on our homepage walk through each number.

2.How we cover a new listing

• You open the exchange account or sub-account and give us a key that can trade but not withdraw. Funds never move to us.
• We run an observe-only pass first: the software connects, reads your balances and the book, and sends no orders until you say go.
• From go-live we quote both sides continuously and report two-sided order uptime and quoted spread live, in a read-only dashboard scoped to your pairs.
• Our fee is a monthly retainer in arrears, credited back when we miss the uptime or spread targets we agreed. No token loan, no option.

Setup, key checks and the go-live gate are described step by step on our security and onboarding pages.

3.Questions

Tell us the exchange and the listing date, and we reply with what we would need from you and when.

Market making involves buying and selling, so the mix of tokens and stablecoins in your account changes and prices can move against it. Nothing on this page is a promise about price, volume or listing status.