Market making for exchanges
01
Market making
Why choose a
market maker?
For exchanges, a designated market maker helps maintain a healthy and stable trading environment through consistent liquidity, deeper order books and competitive pricing. Better execution and reduced volatility improve the trading experience, helping exchanges attract more traders, generate organic flow and increase their market share.
FAQ for exchanges:
A market maker is essential for maintaining a liquid and competitive trading environment. By continuously placing bid and ask orders, market makers improve execution, reduce slippage and limit price discrepancies across venues. This helps exchanges attract larger traders, retain more trading activity and generate stronger organic flow.
To begin, the exchange provides the required asset inventory in the designated trading accounts. Orcabay connects through API keys with trading permissions only, allowing the exchange to retain full control over its assets and accounts at all times.
Profit is not the primary objective of exchange market making. The main goal is to maintain healthy markets through consistent liquidity, competitive spreads and reliable execution.
Where market conditions and trading volume allow, wider spreads may create opportunities for trading profit. However, tighter spreads generally provide a better user experience, support greater participation and strengthen the exchange’s overall market quality.
02
Exchanges
Become the market leader
As a MiCA licensed market maker, Orcabay helps crypto exchanges create healthy, liquid and competitive markets.
Orcabay supports centralized (CEX) and decentralized (DEX) exchanges by acting as a designated market maker across spot and perpetual markets. We provide consistent liquidity, competitive pricing and reliable execution, helping exchanges maintain healthy trading conditions and attract more traders, projects and organic flow.
Powered by proprietary algorithms and low latency infrastructure, our market making solutions are tailored to each exchange’s liquidity requirements. By improving order book depth, reducing slippage and limiting price discrepancies, we help exchanges strengthen their market quality and increase market share.
03
Why market making for exchanges?
Benefits of market making
Market making as a service
Orcabay provides market making for centralized and decentralized exchanges, maintaining continuous liquidity through consistently placed buy and sell orders. By improving order book depth, reducing slippage and supporting price stability, we help exchanges create healthier markets and a more attractive trading environment for traders and investors.
Customise spreads, levels, amounts
Improved order book liquidity
Eliminate price differences
24/7 monitoring and alerting
99% uptime
Unlimited number of trading pairs
Non-custodial, keep full control over your assets
Transparent reporting and live dashboard
Technical support
04
Services
What we provide
- Improved liquidity
- MiCA licensed
- DEX or CEX
- Eliminate arbitrages
- Live dashboard
- 24/7 support
- Fast integration
Market making for
spot markets
Market making for
perpetual futures
Orcabay provides continuous liquidity for perpetual futures markets by placing bid and ask orders across supported trading venues. Unlike spot trading, executed perpetual orders create open positions, requiring active management of exposure, leverage and market risk.
Our proprietary algorithms dynamically adjust quoting and position exposure based on market conditions. Custom risk parameters determine when positions are reduced or closed, helping protect capital, manage losses and maintain stable liquidity.
- Improved market quality
- Active position management
- Available across CEXs and DEXs
- Customisable live dashboard
- 24/7 technical support
- 24/7 market presence
- Available across CEXs and DEXs
- Client chosen price oracle
- Stocks including Apple, Nvidia and Tesla
- Indices including Nasdaq (QQQ) and S&P 500 (SPX)
Market making for
Stock Perpetuals and RWAs
Orcabay provides continuous liquidity for synthetic perpetual markets that track real world stocks, indices and commodities, enabling exposure to traditional assets 24/7.
Our proprietary algorithms continuously adjust quotes, spreads and position exposure based on the selected price oracle and current market conditions. This supports reliable pricing, deeper liquidity and efficient execution across supported markets.
Liquidity analytics
Each client receives a customised live dashboard to monitor our trading activity 24/7 across more than 20 performance metrics. We also provide weekly or monthly trading reports, together with practical recommendations on exchange liquidity based on our review of the data.
- Accesible 24/7 through live dashboard
- 20+ different metrics such as:
- - Current asset value
- - Assets historical value
- - Market making trading data
- - Realised P&L metrics
- Minimum slippage
- Hidden orders
- Non-custodial
- Post trade reporting
Smart token liquidation
The nature of the crypto market means that some projects eventually shut down or are delisted, leaving exchanges with token holdings that need to be liquidated. We execute large trades using advanced algorithms such as TWAP, VWAP and PVOL to minimise price impact and achieve efficient execution. Clients retain full control over their assets and accounts, while receiving complete visibility into the execution process and a detailed final report.