How to Select the Best Crypto Market Making Software?

Undoubtedly, an algorithmic market making mechanism offers more efficacy and accuracy than a traditional manual market making ecosystem. Crypto trading businesses opting for market making software must still consider this criterion to determine the viability of an algorithmic automated trading mechanism. Here are the factors to consider:


  • Security Features: The first and foremost thing to consider while choosing anything to fasten to your crypto exchange platform is its security mechanism. Make sure that the market making software is integrated with all the essential features to safeguard against all kinds of attacks. 

  • Specifications: Various features of crypto market making software differentiate it from traditional market making services. Make sure that your algorithmic market making software has the best features, such as backtesting, risk management, stop-loss restrictions, etc., to help you profit from real-time market possibilities. 

  • User-Friendly Interface: For imitating the general functions of market making services, a simple UI of software is preferable to a complex one. You might need to deploy your secret market making strategy or integrate more third-party liquidity providers into your exchange, which is why you require configurable endpoints. 

  • Affordability and Personalization: Crypto trading businesses’ expectations from making software are highly subjective. Therefore, a scalable and customizable crypto market making solution is preferable to a rigid off-the-shelf software solution. Affordability is another important factor to consider. Make sure you are not lured into something that is overly expensive and less useful.