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Today we’re announcing Coinwatch Track - a new way for crypto projects to see what their market makers are doing in real-time, using their API keys.
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coinwatch
50 posts
coinwatch
@coinwatchdotco
Hire market makers · Track liquidity
Joined May 2025
- Replying to @coinwatchdotcoThe reception from projects and MMs has been unbelievable. 12 MMs have already integrated Coinwatch Track, with more on the way. The MMs below are pioneering a new standard of radical transparency - give them their flowers: Amber @ambergroup_io Ampersan @AmpersanCrypto Auros
- Replying to @coinwatchdotcoMost projects hire market makers but then have zero visibility into what their MMs are doing. Projects ask: “There’s $1M in the order book on Binance, but how much of that is my MM?” “Did my MM just sell all their tokens at launch?” “Price is going down. Is my MM quoting any
- Replying to @coinwatchdotcoThat’s why we built Coinwatch Track. Coinwatch Track gives projects real-time visibility into their MMs’ trading activity - depth (buy and sell orders) and spread streamed, volume traded. Behind the scenes, we obtain the data using market maker API keys, which ensures that the
- Replying to @coinwatchdotcoThis allows projects to quickly identify issues. CEX by CEX, trading pair by trading pair, see at a glance who’s working and who’s not.
- Wake up fam, new Coinwatch FUD just dropped: "Coinwatch is just an advisor. Probably licensing some third party tech" Not true. All our tech is built in-house. Our CTO Brian ran engineering at AngelList and co-founded CoinList, which custodied billions of dollars in customer
- Replying to @coinwatchdotcoThe most common question we get is, “How the heck did you convince MMs to give you their API keys?” The answer is that we didn’t. MMs don’t give us their API keys. Instead, we use trusted execution environments (TEEs). The API keys never leave the TEE, allowing us to preserve
- Replying to @coinwatchdotcoA bit about Coinwatch: We're a team of 9, focused on establishing better standards for the crypto MM industry. We've helped 70+ projects negotiate better MM deals. Optimism, Sui, Jito, Morpho, Aptos, LayerZero, dozens of others. For more never-before-seen data on MM behavior,
- Replying to @coinwatchdotcoAnd projects can start getting answers to the questions that keep them up at night: “There’s $1M in the order book on Binance, but how much of that is my MM?” => CW Track will show you this exactly “Did my MM just sell all their tokens at launch?” => CW Track will show you
- Replying to @coinwatchdotcoWant to learn more? Fill out this form and we’ll be in touch: coinwatch.co/track/learn-mo… We’re onboarding more MMs every week, so fill out the form even if your MM isn’t listed above. We’ll ping you when they’re ready. And btw - You can use Coinwatch Track even if we didn’t
- "Market makers have a bad reputation. Do I even need one? How much depth do they actually provide?" To find out, we picked a well-known token and turned on Coinwatch Track. Turns out that ~85% (!!) of the depth is being provided by MMs.
- Replying to @coinwatchdotcoMMs are often portrayed as villains, and it's true that sometimes they aren't doing much good. But other times, MMs are working hard, providing the bulk of a token’s liquidity. The only way to know the difference is to track them.
