Author: ANDREAS KROM. Compiler: Cointime: QDD.
1. Wintermute
Website: https://wintermute.com
Date of establishment: 2020
Location: London
Email: partnerships@wintermute.com
Exchanges: 50+ (including Binance, Bybit, Coinbase, Kraken, Bitfinex, Bitstamp, Uniswap, Dydx, LMAX)
"Wintermute is a leading algorithmic trading company focused on innovative digital asset markets, committed to building the future of finance and empowering employees to act like owners to achieve goals beyond what is possible at other companies.
Our mission is to support, empower and promote more transparent, fair and efficient markets and products, and to promote the realization of a truly decentralized world. "
2. Efficient Frontier
Website: https://efrontier.io
Founded: 2018
Location: Tel Aviv, Gibraltar, San Francisco
Number of employees: 50+
Email: info@efrontier.io
Exchanges: 50+ (including Binance, Huobi, Coinbase, Uniswap, Bitfinex, Bittrex, Okx)
Efficient Frontier is a digital asset algorithmic trading firm and market maker on centralized and decentralized exchanges.
3. GSR
Website: https://www.gsr.io/
Founded: 2013
Location: London
Exchanges: 50+
GSR has a decade of deep expertise in the crypto market as a market maker, asset manager and active multi-stage investor. GSR provides spot and non-linear liquidity of digital assets to token issuers, institutional investors, miners and leading cryptocurrency exchanges. GSR's trading technology connects 60 trading venues around the world, including the world's leading decentralized exchanges.
GSR is deeply embedded in every major sector of the cryptocurrency ecosystem. We work with leading local crypto entrepreneurs as well as financial institutions entering the world of digital assets for the first time.
4. Cumberland
Website: https://cumberland.io
Founded: 2014
Location: United States, London, Seoul, Tokyo, Singapore
Cumberland is a subsidiary of DRW, an integrated trading firm with more than three decades of experience helping institutions capitalize on strategic market opportunities using technology, research and risk management.
5. DWF Labs
Website: https://www.dwf-labs.com/
Locations: Zug, Dubai, Singapore, Hong Kong, Tortola, Seoul
Number of employees: 20+
Exchanges: 30+
Trading pairs: 800+
DWF provides cutting-edge market-making execution capabilities, building volume for projects as a service, and providing healthy liquidity. We integrate with the top 40 exchanges and trade over 800 trading pairs including spot and derivatives. For our partners, we provide high-touch, 24/7 services to help trades achieve the volume and liquidity you need.
6. Keyrocks
Website: https://keyrock.eu
Founded: 2017
Location: Brussels
Email: info@keyrock.eu
Number of employees: 100+
Exchanges: 85+
Trading pairs: 400+
We provide innovative algorithmic trading and market-making solutions for digital assets, helping them thrive. Our unique approach to liquidity enables our partners to scale their businesses and help build a new token economy.
7. Pulsar Trading
Website: https://pulsar.com
Founded: 2014
Location: London, Hong Kong
Exchanges: 60+ (including Bitfinex, CEX.io, Huobi, Binance, Okx, Kucoin, Kraken, Poloniex, Bitmex, Bitstamp, Bitflyer, Coinbase)
Trading pairs: 600+
“Pulsar is a leading algorithmic trading firm specializing in cryptocurrency trading and market making. Founded in Hong Kong in 2014, Pulsar has been part of the evolution of cryptocurrency. We have a strong presence and relationships with over 60 exchanges across 600+ trading pairs and remain robust. We are a privately funded company and do not rely on external investors or private equity.”
8. B2C2
Website: https://www.b2c2.com/
Founded: 2015
Location: New Jersey, Tokyo, London
B2C2 is a leading digital currency liquidity provider in the global institutional market.
B2C2 is a digital asset pioneer that is building the ecosystem of the future.
The company unlocks the possibility of access to cryptocurrencies for institutions by providing reliable liquidity in different market environments. B2C2's success is built on digital currency-based technology and continuous product innovation, making it a preferred partner for various institutions around the world.
B2C2 was founded in 2015 and was acquired by Japanese financial group SBI in 2020, and remains an independent company. It is headquartered in the UK with offices in the US and Japan.
9. QCP Capital
Website: https://qcp.capital
Founded: 2017
Location: Singapore
We are QCP Capital, a full-service crypto asset trading firm. We provide investors with exclusive investment opportunities backed by institutional-grade experience, research and infrastructure. Our experts are available 24/7 to help you navigate the evolving market.
10. Amber Group
Website: https://www.ambergroup.io/
Email: service@ambergroup.io
Exchanges: 70+
Locations: Singapore, Hong Kong, Japan, Australia, Dubai, EMEA, North America
We are a team of over 1,000 dynamic, entrepreneurial technologists, traders and engineers on a mission to create frictionless markets. We operate globally, working 24/7, with headquarters in Singapore and offices in Hong Kong, Japan, Australia, Dubai, EMEA and North America.
11. Jump Crypto
Website: https://jumpcrypto.com
Email: contact@jumpcrypto.com
Exchanges: All major exchanges
12. DV Chain
Website: https://dvchain.co
Founded: 2016
Locations: Chicago, Toronto, Bahamas, Barbados
Email: info@dvchain.io
DV Chain is an affiliate of DV Trading, a proprietary trading firm headquartered in Chicago with offices in New York, Toronto and London. The company makes markets on securities and derivatives exchanges worldwide and has over 300 global personnel. DV Trading also trades financial and physical crude oil, refined products and natural gas through its DV Energy division. In 2016, the founders of DV Trading established DV Chain to adapt the technology and trading strategies used by DV Trading to bring liquidity to the cryptocurrency markets. Since then, DV Chain has become one of the world's leading liquidity providers, providing innovative cryptocurrency liquidity solutions to institutions and professional traders.
13. Enigma Securities
Website: https://enigma-securities.io/
Email: info@enigma-securities.io
Location: London
Enigma Securities is a product of the Makor Group, an international brokerage firm, established in 2017 in response to the growing need for trust in digital asset trading by institutional clients. Enigma became one of the first institutional-grade platforms to provide trusted connectivity to the crypto markets in order to seize the new and exciting opportunities presented by cryptocurrencies. Although initially an OTC brokerage, Enigma is bridging the gap between traditional financial services and the crypto markets in terms of expanding capabilities and services, and is working to become the preferred one-stop solution for crypto liquidity products, services and technologies. Enigma is an appointed representative of Makor Securities London Limited, which is authorized and regulated by the Financial Conduct Authority (Ref. No. 625054). We are also registered with FinCEN and hold a Money Services Business (MSB) license. In addition, we are a FINRA registered broker and a regulated Virtual Asset Service Provider by the Financial Conduct Authority (FCA).
14. XBTO
Website: https://xbto.com
Founded: 2015
Location: Miami, Paris, Bermuda, New York
XBTO is a global cryptocurrency liquidity provider and asset manager. Founded in 2015, XBTO is a pioneer in providing institutional-grade market making to major global trading platforms. Since then, XBTO has expanded its coverage to include diversified products across multiple business lines, from institutional trading, credit, asset management, venture capital to mining solutions.
15. Sixtant
Website: https://sixtant.io
Founded: 2018
Location: Mexico City
Email: contact@sixtant.io
Sixtant is a proprietary trading and market making firm that takes a scientific, high-frequency approach to cryptocurrency trading. We focus on market neutral trading strategies based on understanding market structure and correcting for inefficiencies. As market makers, we also use these capabilities to maintain orderly, liquid markets, even for assets that are difficult to price. Sixtant is a small team of exceptional entrepreneurial partners that consistently achieves outsized impact. Sixtant manages tens of millions of dollars in assets and trades tens of billions of dollars per year on centralized limit order books and DeFi. We also designate market makers for select clients across a variety of instruments. Our values are craftsmanship, collaboration, integrity, passion, and continuous learning.
16. Kite
Website: https://nibbio.io
“Quantitative Trading Company”
Email: clientservices@nibbio.io
17. Bastion Trading
Website: https://bastiontrade.com
Founded: 2017
Location: Hong Kong
Email: info@bastiontrade.com
Exchanges: 20+ (including Deribit, Binance, Bitfinex, Paradigm, Hashkey, Okx)
Bastion Trading was founded in Hong Kong in 2014 by a team of experienced traders from JPMorgan, UBS, Morgan Stanley and Optiver. Over the years, Bastion has expanded its trading operations to derivatives, options market making, DeFi and various AI and data-driven system strategies.
We pivoted to cryptocurrency trading in 2017 to take advantage of the huge arbitrage opportunities between exchanges. We anticipated that DeFi asset management would grow, so we seed invested in Teragon and expanded our services to include providing financial management services to protocols and projects, upgrading our client platform Pokket Pro, including the launch of digital asset structured products. We continue to make significant investments in technology to create the conditions for institutional-grade trading infrastructure to manage proprietary and client funds.
18. Folkvang
Website: https://folkvang.io
Founded: 2020
Email: contact@folkvang.io
Exchanges: All major exchanges
We are a quantitative trading firm and liquidity provider active in all major cryptocurrency markets. We trade all major tokens on all major exchanges and maintain a continuous presence around the world.
19. Cairo Labs
Website: https://kaironlabs.com
Location: Belgium, Netherlands
Kairon Labs' legal entity is located in Belgium, in the heart of the European Union. This means that we operate in a legal and compliant manner. Secondly, the trading strategies we run are also used in traditional financial markets. Most of our team is located in Belgium and the Netherlands. Our approach is very personalized and we do not take on too many projects at the same time. We like to think of ourselves as a boutique firm that customizes trading strategies according to our clients' needs.
20. Blue Sky Capital Management
Website: https://blueskycapitalmanagement.com
Founded: 2014
Location: New York
Email: info@blueskycapitalmanagement.com
Bluesky Capital is a leading global quantitative investment management firm and market maker in the digital asset market. Founded in New York in 2014, we have extensive experience in quantitative investment and trading. Our main competitive advantages lie in our rigorous quantitative approach, the experience of our team, and our substantial investment in proprietary technology.
21. Empirical
Website: https://empirica.io
Founded: 2012
Location: Poland
Number of employees: 25
Exchanges: All major exchanges
Empirica was founded in 2010 and officially became a company in 2012. We have evolved from a trading software company to a liquidity provider using proprietary software. Even as a market maker, we are engineers at heart, making our systems an advantage for the cryptocurrency projects we work with.
22. Flow Traders
Website: https://flowtraders.com
Founded: 2004
Locations: Paris, London, Amsterdam, Cluj, Milan, Hong Kong, Singapore, New York
Number of employees: 600+
Flow Traders is a leading global technology liquidity provider for financial products. Founded in 2004, we have continued to grow our team and organization, expanding our product offering, large counterparty network and trading capabilities, ensuring that our trading centers in Europe, the United States and Asia Pacific can provide liquidity to all major exchanges and trading platforms around the world, 24 hours a day. Our culture is unique, we are entrepreneurs at heart, driving innovation in financial markets. We are a passionate, creative team that works closely across multiple functions and countries.
23. Da Vinci Trading
Website: https://davincitrading.com/
Founded: 2015
Email: busdev@davincitrading.com
Location: Amsterdam, Mumbai
Da Vinci was founded in 2015 by a group of passionate trading professionals who envisioned a new way of working.
We build the best proprietary trading firm by working smart and leveraging the strategic thinking of our team. We have established a unique approach to trading and have high standards for workplace ethics. Since 2015, we have become a well-known brand in the market and continue to grow at a steady pace.
We are headquartered in Amsterdam, the home of the world's first stock market, and have expanded to a second office in Mumbai. Today, we trade on the most important exchanges in South America and the United States. Our vision is to achieve sustainable growth and soon open new offices in Asia and the United States. As a proprietary exchange, we trade only with our own funds. We use short- to medium-term strategies and trade a wide range of financial instruments around the world.
24. OSL Digital Stock Exchange
Website: https://trade-hk.osl.com/
25. Portofino Technologies
Website: https://www.portofino.tech/
Location: Zug, London, Amsterdam
Email: contact@portofino.tech
Portofino Technologies is building financial infrastructure technology to drive adoption of digital assets. Portofino Technologies is a crypto-native technology startup with over 35 employees in 5 locations around the world. Portofino leverages its proprietary market maker technology to trade in centralized, decentralized, and over-the-counter digital asset markets, and provides token services and investments for Web3 companies.
25. Prolific Trading
Website: https://www.profluenttrading.com/
Location: San Juan
Email: info@profluenttrading.com
We are a proprietary trading company engaged in manufacturing for the electronics market.
26. Vincent
Website: https://wincent.co
Locations: Bratislava, Gibraltar, London, Zurich
Trading platforms: 15+ (including Kraken, Binance, Huobi, Okx)
Trading pairs: 50+
Email:marketmaking@wincent.co
Wincent is a leading cryptocurrency market maker with a daily trading volume of over $3 billion and over 300,000 trades per day.
Our mission is to support, enable and progress more transparent, fair and efficient markets and products, towards a truly decentralized world.
27. Alpha Lab
Website: https://www.alphalab.capital/
Founded: 2017
Location: Singapore, Krakow, Amsterdam, New York
Number of employees: 60+
Exchanges: 50+
Blog: https://www.alphalab.capital/blog/
AlphaLab Capital Group is a technology-driven trading group that trades over $2 billion in crypto assets daily on 40+ centralized and decentralized exchanges. We have consistently generated superior returns (i.e. alpha) since 2017.
28. Cyberx
Website: https://www.cyberx.com/about-us
Founded: 2016
Exchanges: 30+
Trading pairs: 10,000+
CyberX Group is a leading technology company dedicated to digital asset trading, infrastructure construction and market making. Leveraging the latest advances in blockchain, deep learning and financial engineering, the company's industrial-grade crypto-financial infrastructure and extensive liquidity network connect assets in centralized finance (CeFi) venues and decentralized finance (DeFi) protocols. CyberX is committed to building infrastructure to improve the efficiency of digital markets.
29. Orca Traders
Website: https://www.linkedin.com/company/orca-traders/
Location: Düsseldorf, Munich
We are a technology-driven proprietary trading firm. We trade a broad range of financial instruments with our own capital and at our own risk. We combine deep analysis with innovative thinking to develop and deploy algorithmic and process-driven trading strategies.
30. Awesome Research
Location: Taipei
Email: contact@awesome-research.finance
Awesome Research focuses on high frequency trading across all crypto markets around the world.
31. Anti Capital
Website: https://www.anticapital.ai/
We are a full-stack cryptocurrency trading entity. We have our own proprietary latency-sensitive trading system, sophisticated trading algorithms and execution platform. We have access to all major cryptocurrency exchanges around the world. We provide institutional-grade market making services to token projects and exchanges, providing consistent support and resistance liquidity for requested markets. Overall, we tend to remain market neutral to adapt to any market conditions.
32.CMS Holdings
Website: http://cmsholdings.io/
Email: info@cmsholdings.io
33.Darley Technologies
Website: https://www.darleytechnologies.com/
Location: Zug
We are a pioneering liquidity provider for options in the cryptocurrency space. Our mission is to provide deep and reliable liquidity at always competitive prices. Based in Zug, Switzerland, the center of the European blockchain ecosystem, we bring together a team of highly experienced scientists, developers and traders to design and build state-of-the-art network infrastructure, technologies and trading algorithms that allow us to successfully execute our mission in multiple venues around the world.
34.Alpha Theta
Website: https://alphatheta.io/
Location: Singapore, Toronto
We are a team of expert traders, programmers and analysts committed to providing premium fintech solutions in the cryptocurrency space.
35.Jane Street
Website: https://www.janestreet.com/
Location: New York, Amsterdam, London, Hong Kong, Singapore
Number of employees: 2,000+
We were founded by a small group of traders and technicians in a small office in New York. Today, we have over 2,000 employees in five offices around the world. We trade a broad range of asset classes in more than 200 venues in 45 countries. We innovate in technology, from functional programming to programmable hardware. While our proprietary trading business thrives, we also put our expertise and experience to work for our clients.
36.CLS Global
Website: https://www.cls.global/
Location: Dubai
Our mission is to help further develop the cryptocurrency market by providing cryptocurrency projects with proven software solutions, helping them integrate into the mass market and facilitating their growth.
37.Algoz
Website: https://www.algoz.io/
Founded: 2016
Location: Israel
Exchanges: 10+
Algoz trading solutions work seamlessly with any crypto asset. We operate across five continents and our liquidity solutions are provided to exchanges, projects and private players on multiple crypto asset platforms.
38.Optiver
Website: https://optiver.com/
Founded: 1986
As one of the oldest market makers in the world, Optiver has been improving financial markets since 1986. By providing liquidity to markets around the world, we make markets more efficient, transparent and stable.
Driven by technological innovation, we continue to provide competitive two-way prices for thousands of financial instruments on all major exchanges around the world. We are a world-class team of highly skilled professionals from a wide range of disciplines, but their purpose is simple: to improve the market.
39.Gotbit
Website: https://gotbit.io/
Founded: 2017
Exchanges: 10+
Gotbit's approach is based on powerful algorithms, a large trading desk and our client platform, where you can follow our performance and market conditions in real time from any device.
40.Susquehanna Group
Website: https://sig.com/
SIG is a global quantitative trading firm that has always adhered to the entrepreneurial spirit and rigorous analytical decision-making methods.
As one of the world's largest proprietary trading firms, we trade with our own capital and take our own risk. We are experts in trading virtually every listed financial product and asset class, specializing in derivatives, and processing millions of trades on exchanges around the world every day. Our reach in the market is broad, but our trading desk is highly specialized, allowing for a deep understanding of the unique drivers of each product. Our expertise in probabilistic thinking and game theory, combined with a focus on signal detection and low-latency performance, makes SIG one of the world's leading market makers. SIG plays a vital role in financial markets by providing liquidity and ensuring competitive prices for buyers and sellers.
41.Hudson River Trading
Website: https://www.hudsonrivertrading.com/
Locations: UK, Ireland, Singapore, Hong Kong, USA, China, India
Hudson River Trading is a multi-asset quantitative trading firm that provides liquidity to global markets and directly to our clients. We have built the world's most advanced computing environment for research and development, modeling and risk management, and are at the forefront of technological innovation in the financial markets. We are a thoughtful market leader committed to the health and long-term development of global markets.
42.Virtu Financial
Website: https://www.virtu.com/
As a leading financial services company, we use cutting-edge technology to provide execution services and data, analytics and connectivity products to our clients and to deliver liquidity to global markets. Leveraging our global market-making expertise and infrastructure, Virtu offers a robust product suite including execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms and workflow technologies.
43. Tower Research Capital
Website: https://www.tower-research.com/
Founded: 1998
Location: United States, London, Amsterdam, Singapore, China
Tower Research Capital is a trading and technology firm founded in 1998 by Mark Gorton that has built one of the fastest and most sophisticated electronic trading platforms in the world.
44.Skynet Trading
Website: https://skynettrading.com/
Location: Hong Kong
It is an algorithmic trading and investment firm in the digital asset market.
45.Woorton
Website: https://www.woorton.com/
Founded: 2017
Location: France
Woorton is a regulated algorithmic trading desk providing liquidity for the next wave of digital assets.
46. Acheron
Website: https://acherontrading.com/
Founded: 2019
Exchanges: 50+
Acheron differentiates itself from competitors with a structure that provides market making. Our structure takes a more hands-on approach, building liquidity at the earliest stages of a digital asset and throughout the asset lifecycle. Emerging projects view Acheron’s role as an extension of their core team rather than an outsourced liquidity provider.
47.Nordic Velo
Website: https://nordicvelo.com/
Exchanges: 40+
Nordic Velo is a high-frequency trading firm providing market making services on centralized and decentralized exchanges to the world’s most innovative cryptocurrency projects.
48.Falcon X
Website: https://falconx.io/solutions/market-making
Location: Chicago, Malta, India
49. Flow Desk
Website: https://www.flowdesk.co/
Exchanges: 80+
Location: Paris, Singapore
Flowdesk provides trading infrastructure for market making and other crypto financial services.
50. Gravity Team
Website: https://gravityteam.co/
Exchanges: 20+
Gravity Team is committed to balancing supply and demand in the global crypto market. We are a crypto market maker founded by traders, developers and innovators who are firm believers and supporters of decentralization and the future of digital assets.
51. Auras
Website: https://www.auros.global/about/
Founded: 2019
Auros is an algorithmic trading and market making company that provides optimal liquidity to exchanges and token projects. Founded in 2019, we account for a significant proportion of global cryptocurrency trading volume. Combining the technological innovation that underpins our high-frequency trading strategies and a unique partnership-based approach, Auros is redefining liquidity provision and sustainable growth in the digital asset space.
52.Atomic Fund
Website: https://atomic.fund/
Founded: 2016
Location: Sao Paulo
Exchanges: 40+
Trading pairs: 300+
As the leading crypto market maker in Latin America, Atomic generates deep liquidity, helping to create more efficient markets around the world. We combine market structure expertise and execution technology to provide competitive bid and ask prices on over 350 trading pairs in more than 50 venues in 12 countries around the world.
53.Pattern Research
Website: https://patternresearch.net/
Email: contact@patternresearch.net
We actively provide liquidity on centralized and decentralized exchanges around the world. By leveraging our technology and balance sheet, we aim to make the digital asset market a more efficient trading venue.
54. Maven Securities
Website: https://www.mavensecurities.com/
Founded: 2011
Location: Hong Kong, New York, London, Sydney
Number of employees: 260+
Maven implements fundamental and quantitative trading & market making strategies in global financial markets, utilizing only the Group’s capital. We consider ourselves not only a multi-strategy trading firm, but also a technology company.
We aim to provide traders with the best possible tools. We bring advances in computer learning, processing power and network capacity to process optimization and across all aspects of trading operations, from front office to clearing, matched with prudent and conservative risk management.
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