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Market maker

markets
trading

A market maker quotes buy and sell prices to provide liquidity, earning the spread and/or incentives.

Also known as
liquidity provider
mm
1
concept

Market makers post resting orders on both sides of the book, tightening spreads and improving execution for other participants. They manage inventory and hedging to control risk.

2
fees

Exchanges often offer maker rebates and lower fees to encourage liquidity provision, while takers pay higher fees for immediate execution.

Conceptual links

Related terms

3 linked

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All terms and definitions may update as the Cryptionary improves.