5 Market Makers Dominating Crypto Exchange Liquidity

Market makers serve as the invisible backbone of cryptocurrency trading, ensuring liquidity and price stability across exchanges. Their role has become increasingly critical as institutional participation grows alongside retail trading activity.

Singapore-based Caladan emerges as a dominant player, processing over $50 billion in annual volume across 65+ exchanges. The firm's algorithmic trading infrastructure supports more than 1,000 tokens, with recent expansion into New York signaling growing U.S. ambitions.

Specialized market makers like Caladan provide the essential lubrication for crypto markets to function efficiently. Their high-frequency trading algorithms and deep liquidity pools enable seamless execution for trades ranging from retail satoshis to institutional block trades.