Xavion Capital/Market Making

Crypto market making and token liquidity, explained for founders

How liquidity is actually priced, structured, measured, and governed — from pre-TGE planning to repairing a dead order book. Written by advisers who sit on the issuer's side of the table.

The full series

24 guides
Launch liquidity

How to Get a Market Maker for Your Token Launch

How to secure a market maker before a TGE: timelines, float sizing, term sheets, and what day-one liquidity should look like.

Listing requirement

Why Exchanges Require a Market Maker Before Listing

What exchanges ask for on a listing application, why liquidity is effectively mandatory, and how to meet the requirement without overpaying.

Pricing

How Much Does a Crypto Market Maker Cost?

What projects pay for crypto market making: retainer ranges, loan and option economics, hidden costs, and how to compare quotes fairly.

Deal structure

Token Loan vs Fee Retainer: The Two Market Making Models Compared

Token loan versus fee retainer: how market makers get paid, the treasury implications of each, and which structure suits your stage.

DEX vs CEX

DEX vs CEX Market Making: What's Different?

AMM pools versus order books: how each behaves, what each costs, and how to split liquidity between DEX and CEX venues.

Compliance

Legitimate Market Making vs Wash Trading: What's the Difference?

Where legitimate liquidity provision ends and market abuse begins: wash trading, spoofing, volume inflation, and staying compliant.

Launch checklist

Token Launch Checklist: Everything You Need Before Listing

The pre-TGE checklist: entity and legal, tokenomics, liquidity, exchange applications, custody, banking, and day-one operations.

Liquidity repair

My Token Has No Liquidity: How to Fix a Dead Order Book

Diagnose thin token liquidity and low volume, then rebuild it: provider audit, float repair, venue consolidation, and recovery timelines.

DAO treasury

How DAOs Manage Market Making Without Selling the Treasury

Treasury-safe liquidity management for DAOs and protocols: governance-ready mandates, loan risk, reporting standards, and long-term liquidity strategy.

Due diligence

Market Maker Red Flags: How to Vet a Provider Before You Sign

How to vet a crypto market maker: due diligence checklist covering capital, venue standing, references, red flags, and contract terms.

Post-launchpad

You Raised on a Launchpad. Now You Need Liquidity.

Post-launchpad liquidity: pool sizing, unlock sequencing, listings, and market making for launchpad graduates after an IDO.

Comparison

Crypto Market Makers Compared: How to Choose the Right One

Crypto market makers compared: provider types, scoring framework, RFP questions, and red flags for choosing the right desk.

Definition

What Is a Crypto Market Maker? How Token Liquidity Actually Works

A crypto market maker quotes continuous buy and sell orders so a token can be traded without gaps. How they work, what they charge, and when a project needs one.

Hiring

How to Hire a Crypto Market Maker: Selection, Terms and Red Flags

A practical process for hiring a crypto market making firm: writing the brief, comparing proposals, negotiating terms, and the red flags that predict failure.

Comparison

Market Maker vs Liquidity Provider: What the Difference Means for a Token

Market makers quote two-sided orders on exchanges; liquidity providers supply assets to automated pools. How each works, what each costs, and which a token needs.

Services

Crypto Market Making Services: What You Are Buying and What It Should Cost

What crypto market making services include, how mandates are scoped and priced per venue, and how token issuers appoint and oversee a liquidity provider.

Provider landscape

The Biggest Crypto Market Makers in 2026: Who They Are and Who They Actually Serve

The major crypto market making firms, what each is known for, the size of issuer they realistically take on, and how to read their term sheets.

How it is done

How to Become a Crypto Market Maker: Capital, Infrastructure, Venue Access and Licensing

What it actually takes to run a crypto market making desk: capital, latency and infrastructure, exchange MM programmes, risk limits, and regulatory footing.

Venue guide

Binance Market Maker Requirements: Liquidity Expectations for Listings and MM Programmes

What Binance expects from market makers and from listing projects: spread and depth obligations, MM programme access, fee tiers, and wash-trading enforcement.

Venue guide

Bybit Market Maker Requirements: Listing Liquidity, MM Tiers and Derivatives Depth

How Bybit assesses market makers and listing liquidity: spot and perpetual depth, MM programme access, rebate tiers, and what issuers should contract for.

Venue guide

OKX Market Maker Requirements: Programme Access, Listing Liquidity and Depth Obligations

How OKX assesses market makers and listing liquidity: MM programme tiers, spread and depth obligations, corporate onboarding, and what issuers should contract for.

Venue guide

MEXC Market Maker Requirements: Listing Liquidity for Early-Stage Tokens

What MEXC expects from market makers and listing projects, why early-stage listings need tighter liquidity discipline, and how to contract for it.

Venue guide

KuCoin Market Maker Requirements: MM Programme Access and Listing Liquidity

KuCoin market maker programme access, listing liquidity expectations, spread and depth obligations, and how issuers should structure a provider agreement.

Free initial consultation

Talk to us about your token's liquidity

Pre-launch planning, provider selection, term-sheet review, or repairing a thin book. A partner will reply within one business day.

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