Market-neutral algorithmic crypto trading and market making firm

Global market making for instruments from perpetual swaps to emerging market currencies.

Billions traded with industry-leading uptime.

Market Making

We make markets across a wide range of instruments, improving trading conditions by adding liquidity to absorb market impact from large trades. Our proprietary trading system and insight into market structure allow us to make competitive markets for even the most difficult to trade products.

Market Structure

We use our insights about market structure to make competitive markets, and we assist trading venues in analyzing the effects of microstructural features like tick sizes, order types, fee rebates, and even API functionality on market health.


We capture billions of market data points in real time, every week, from global crypto markets. We consider ourselves experts in idiosyncratic exchange messaging and market data. We use this data alongside our gears-level understanding of price discovery and market movements to trade intelligently.