Top Crypto Market Making Firms to Watch in 2025

Cryptocurrency trading is becoming more and more popular.

05:35 19 February 2025

Cryptocurrency trading is becoming more and more popular. At first glance, everything looks quite straightforward, but it is a complex process involving several parties, which makes the market function properly and smoothly. Crypto market making companies are extremely important actors in the digital asset space, and in this article, we will tell you about their role and benefits for blockchain projects, and also share the list of top crypto market making firms. 

What Is Crypto Market Making?

Crypto market making is a specialized trading strategy that enhances liquidity and ensures the smooth operation of cryptocurrency exchanges. Market makers are not intermediaries in the traditional sense but rather entities, often proprietary trading firms or algorithmic traders, that continuously place buy and sell orders to reduce price volatility and maintain tight spreads, ultimately facilitating convenient conditions for trading by individual traders. 

Crypto market makers use advanced algorithms and strategies to enhance liquidity of digital assets, stabilize price movements, and improve trading efficiency. By continuously analyzing market data, they adjust buy and sell prices in real-time, capturing the bid-ask spread as their primary revenue source while ensuring smoother transactions and deeper market participation. 

The role of liquidity in the cryptocurrency market should not be underestimated. It is high liquidity that ensures price stability through fast transactions at fair prices. This, in turn, attracts a huge number of participants and contributes to the formation of a healthy market environment.

Why Crypto Projects Need Market Making Services

Today, partnering with crypto market making firms is essential for any crypto project looking to establish a liquid and efficient trading for its token, as the former provide numerous benefits, including:

• Enhanced liquidity and reduced volatility. A deep order book with consistent buy and sell orders helps process large trades, preventing sharp price fluctuations. This stabilizes market movements, creating a more predictable and reliable trading environment for investors and traders.
• Increased investor confidence and higher trading volume. As a result of a good crypto market making strategy, high liquidity attracts more market participants, fostering confidence in the asset’s stability. The ability to execute trades at fair prices with minimal slippage encourages active trading, ultimately driving up trading volume.
• Facilitation of exchange listings. Many exchanges require projects to maintain a certain level of liquidity before listing their tokens. A reputable crypto market making firm ensures compliance with these requirements, helping projects secure and sustain exchange listings while maintaining smooth market operations.

Overall, by integrating professional crypto market making services, blockchain projects can improve their token’s liquidity, increase investor trust, and enhance overall market efficiency.

Are Crypto Market Making Services Profitable?

Crypto market making can be profitable, but success depends on several factors, including strategy, market conditions, risk management, and trading infrastructure. Market makers earn profits by capturing the bid-ask spread, benefiting from high trading volumes and frequent transactions. However, profitability is influenced by market volatility, liquidity depth, and competition among liquidity providers. Advanced algorithms, low-latency execution, and effective hedging strategies are essential to mitigate risks and optimize returns.

5 Ways Crypto Market Making Firms Make Profit 

1. Capturing the bid-ask spread. Crypto market making companies place both buy and sell orders on an exchange, earning a profit each time their orders are executed. For example, if a market maker places a buy order at $1.00 and a sell order at $1.02, they capture a $0.02 spread per trade. With thousands of trades per day, this quickly adds up.
2. High-frequency trading (HFT) and arbitrage. As we already mentioned, many market makers use high-frequency trading (HFT) strategies, executing thousands of trades per second to maximize spread capture. Some firms engage in cross-exchange arbitrage, where they buy an asset on one exchange at a lower price and sell it on another exchange where the price is slightly higher, profiting from price discrepancies, all while removing market inefficiencies.
3. Incentives from exchanges. Many crypto exchanges offer market-making rebates or incentives to liquidity providers. These can include lower trading fees, direct payments, or rebates per trade, further boosting profitability. Trading platforms benefit from market makers because they ensure smooth order execution and tighter spreads, making the trading experience better for retail traders.
4. Inventory management and hedging strategies. Top crypto market making firms ensure they don’t hold excessive inventory of a volatile asset. To protect against sudden price swings, they use hedging techniques such as delta-neutral strategies or futures contracts to minimize directional risk while continuing to profit from spreads.
5. Algorithmic adjustments and dynamic pricing. Market makers in the cryptocurrency market use sophisticated algorithms to dynamically adjust their bid and ask prices based on market conditions, ensuring they always remain competitive and at the same time increase profit margins.

Top Crypto Market Making Firms for 2025

Today, new companies offering liquidity provision and market making are emerging, however, there is only a handful of best crypto market making firms:

DWF Labs

DWF Labs positions itself as the “new generation” crypto market making company and liquidity provider, which also offers venture capital financing and multi-faceted support for innovative blockchain projects. Although the primary crypto market maker on top crypto exchanges such as Binance and Bybit, DWF Labs has a wide range of services extending beyond liquidity provisioning: a project receives assistance based on its actual needs, whether it is finding professionals to do some job, help with validation, or foster community. To date, DWF Labs’s portfolio includes over 700 Web3 projects.

Amber Group

Amber Group, established in 2017, is a global digital finance leader specializing in digital asset trading, products, and infrastructure. With a team of over 500 professionals, including technologists, traders, and engineers, the company offers services such as digital wealth management, asset management, and liquidity provision. Headquartered in Singapore, Amber Group has a presence in Hong Kong, Japan, Australia, EMEA, and North America, serving both institutional and individual investors. 

B2C2

Founded in 2015, B2C2 is a UK-based crypto-native liquidity provider catering to institutional clients across various market conditions. Primarily owned by the Japanese financial group SBI, B2C2 has additional offices in the United States and Japan. The firm specializes in offering tailored liquidity solutions to meet the unique needs of institutions in the cryptocurrency industry.

Cumberland DRW

Cumberland DRW, a subsidiary of the diversified trading firm DRW, has been a prominent player in the crypto space since 2014. Leveraging over three decades of experience from its parent company, Cumberland provides consistent, deep liquidity to investors and institutions. The firm offers 24/7 trading access through traditional voice markets and electronic platforms, facilitating efficient participation in the crypto asset ecosystem. 

Acheron Trading

Acheron Trading, established in 2018 and headquartered in Singapore, is a market maker offering liquidity and advisory services to digital asset issuers on exchanges. The firm provides principal and designated market-making services, ensuring efficient price discovery and sustainable market depth for digital assets. Committed to transparency and real-time execution, Acheron Trading helps Web3 startups build resilient markets for their assets across centralized and decentralized exchanges worldwide.

How to Choose the Right Crypto Market Making Firm

Choosing the right crypto market making firm has a significant impact on the overall success of your Web3 project and the trading experience of your users. Below are the most important aspects to consider when choosing a reliable market maker:

• Experience and track record. In the crypto market making services space, reputation is paramount. To assess it, be sure to search for references from clients, check customer reviews and market performance of a company’s portfolio assets. Also, public awards given to a firm will be a huge plus.
• Understanding pricing structure. The best crypto market maker offers competitive commissions that would match the requirements for trading volume and the overall budget of your token, while not going over your total budget. 
• Liquidity provision capabilities. While considering the best crypto market making firms, you should focus on what they offer on the technological side and liquidity options. Make sure they use optimal trading strategies and have the necessary technical infrastructure to support high-frequency trading.
• Regulatory compliance and transparency. As the crypto regulation keeps developing all over the globe, adhering to existing legislation and official rules for operations with crypto is the factor you definitely should look into when picking the right crypto market making company.

The Future of Crypto Market Making in 2025 and Beyond

With the advancement of technology, market making of digital assets using a diverse range of tools and trading strategies has reached a new level. This helps crypto market making firms to ensure high liquidity, manage risks, and even contribute to the formation of a more efficient financial system. 

However, Web3 innovations drastically change the crypto market making landscape. The development of decentralized finance (DeFi) eliminates the need in specialized crypto market making companies to ensure sufficient liquidity: so-called decentralized exchanges offer users to become individual liquidity providers with solutions like Automated Market Maker (AMM). 

Regulatory changes also affect crypto market making. A clear trend for 2025 and beyond is, companies in this field will have to pay higher attention to new rules, and make efforts towards becoming more regulated.

As you can see, partnering with the right crypto exchange market making company is key to the success of your blockchain project’s cryptocurrency price performance, and it is crucial to engage with a qualified firm to achieve financial goals. If you consider all the above factors when choosing a top crypto market maker, you will definitely not go wrong and take a big step towards the success of your project.