Vanchain MM  /  Pricing

What does crypto market making cost?

Two numbers decide the real cost: the fee you pay the desk, and the inventory you have to fund. Most projects only ask about the first. This page covers both, and how our packages work.

The two costs

1. The desk's fee

What you pay the market maker to quote your pair: run the strategy, carry the risk, watch it around the clock and report on it. A fixed monthly fee is the clearest version of this.

2. The inventory

The tokens and USDT that sit on the book as your bids and asks. This is not spent: it stays in your own exchange account. But it has to be there, and it is what actually creates depth.

A desk quoting a low monthly fee for a commitment your allocation cannot support is quoting a number that will not hold. The depth you can commit to follows from the inventory you fund, so the two are agreed together.

Our packages

PackageTermBest for
Launch1 monthA new listing, or seeing how we work first
Growth3 monthsAn exchange requirement or 90-day programme
Partner6 monthsA long-term liquidity partner

We quote each project after a liquidity check on its own market, because the right package depends on your pair, your exchange and what you can put behind the book. Ask for a quote.

Each package covers one trading pair on one exchange, and every one includes the same desk, the same risk controls and the same client portal. Longer terms buy more of our time: retuning, quote-quality reviews and more frequent calls. Additional pairs or exchanges are quoted separately. Fees are in USDT, and Canadian GST/HST is added where it applies.

Not included: your trading inventory, which stays in your own subaccount, and the exchange's own trading fees.

How much inventory do you need?

Depth is your own money resting on the book. As a rule of thumb, plan for roughly twice your ±2% depth target on each side, so that the ladder still holds its shape when inventory drifts:

Depth target per side (±2%)Rough allocation to fund
$5,000≈ $10,000 in tokens + $10,000 in USDT
$10,000≈ $20,000 in tokens + $20,000 in USDT
$25,000≈ $50,000 in tokens + $50,000 in USDT

Before signing anything we run the exact calculation against your pair and tell you what your allocation actually supports, rather than agreeing a number that fails in week two.

What makes a quote higher or lower

  • Depth committed. The biggest driver. More depth means more inventory at risk and more work to hold the shape of the book.
  • Spread ceiling. A tighter spread means more requoting and more exposure to faster traders.
  • Pairs and exchanges. Each pair on each exchange is its own book, its own risk and its own reporting.
  • Market conditions. A launch week, a very thin small cap or a volatile pair all raise the risk.
  • Term. A longer term costs less per month.

What we never charge

No performance fee, no share of trading profit, no token loan and no call option on your tokens. If a desk's compensation is an option over your supply, its best outcome and yours can diverge — see token loan or monthly fee.

Common questions

Is there a cheaper option than a monthly fee?

Some desks quote "no fee" and take a token loan plus a call option instead. It is not cheaper, it is paid differently: you hand over tokens, and the desk profits if the price rises past the strike. A fixed fee keeps your supply and makes the cost knowable.

What is the minimum to get started?

One month on one pair, plus whatever inventory your depth target needs. We quote the fee after a liquidity check on your market. If your allocation is too small to support a book worth having, we will say so rather than take the fee.

Do you charge a setup fee?

No. Setup, the liquidity check on your market and the test order are included in every package.

Can we pay in our own token?

We invoice in USDT. Paying in your token would tie our fee to its price, which puts our incentives in the wrong place for you.

Start with a liquidity check on your market.

Tell us the token and the exchange. We run our quotes against your live market without placing a single order, and come back with the targets we would commit to and the package that fits. No key, no funds, no obligation.

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