Thought leadership
Crypto insights from our team
A Status Report on Listings - EOY 2024
As 2024 concludes, the cryptocurrency industry has reflected on several pivotal themes we forecasted a year ago.
The State of Digital Assets in Europe: The Market Maker Perspective
It’s no surprise that there’s a burgeoning appetite for digital assets in Europe. The region has experienced significant growth, with rising investment volumes and user numbers set to continue.
Why I Founded Acheron Trading
The integrity and morals that were impressed upon me during my childhood have informed the culture that we have at Acheron Trading.
Crypto Market Making: How to Weed Out Parasitic Operators
Is every crypto a pump-and-dump scheme? Many people rightfully ask this question because one common theme users notice with nearly every new listing is a massive rise to unsustainable prices, followed by the cliche collapse, leaving participants holding the bag.
Exchange Listing Performance (June 2024)
The listing market became oversaturated by mid-April as projects rushed to market during a return to the bull market. It is preferable to list when the number of primary listings is increasing rather than decreasing.
A Tale of Two Halves: From Music and Medicine to Market Making Laurent Benayoun, CEO
The violin: the emblem of my adolescence I was born in France to immigrant parents—who fled their country of origin in what was a matter of life or death. Their experience shaped my childhood decisions. I played the violin because it’s an instrument you can carry.
Introduction of the Acheron Trading Index
The Acheron Trading Index is designed to quantify market speculation and health by focusing on the performance of primary listings through an asset’s initial 100 days.
Exchange Listing Performance (April 2024)
We analyze the performance of tokens listed on premier centralized exchanges.
Quantum Computing Poses Remote Risks
Quantum computing is an exciting technology combining theoretical physics with practical engineering and computation.
Case Study: Chainflip, Demystifying Effective Pre-Market Orderbook Structuring
The initial price discovery phase for a new token is often marked by significant volatility and speculation, presenting a unique challenge in balancing supply and demand on a large, public scale. The transition from private to public markets is most commonly facilitated via a centralized exchange’s pre-market order submission.
Analyzing Cryptocurrency Primary Listing Performance in 2023 (Updated November 8, 2023)
We hold the view that a token's entry into secondary markets is a pivotal event. This transition offers valuable insights into actual demand, the community perception, and prevailing market conditions. For most tokens, this event will bring in the highest organic volumes and establishes the groundwork for subsequent price discovery.
Reshaping Loan & Call Option Strategies for a Healthier Token Ecosystem
Is your market maker parasitic? Market makers play a critical role in ensuring liquidity is available on exchanges for token economies to operate effectively.
Acheron Trading announces the appointment of Laurent Benayoun as CEO and Director of the Board
As of September 30th, 2023, Laurent Benayoun has been appointed as the new CEO
Analyzing Cryptocurrency Primary Listing Performance in 2023 (Updated August 11, 2023)
Over the past month, we have incorporated 63 new listings, with 44 additions occurring in July and 12 in August so far. These listings have been primarily focused on three exchanges: Gate, MEXC, and Bitmart. Former high frequency listing exchanges, like KuCoin, have taken a significant step back alongside regulatory concerns.
Fundamentals: Types of Market Makers
Cryptocurrencies have catalyzed a revolution in finance, championing decentralization. Market makers act as pillars supporting this evolution. In this guide, we will share the three prevalent market making structures: Principal Market Making, Designated Market Making, and Self Service Market Making.
Fundamentals: Liquidity and Price Discovery
Liquidity forms the backbone of any successful project. It serves as the base for an efficient and orderly price discovery. This article emphasizes the importance of market makers as indispensable entities for projects aiming to guide their assets towards favorable price discovery in the context of liquidity.
Fundamentals: Basics of Market Making
Without an adequate go-to-market strategy, even a quality project can be left in shambles, ending the journey before it has begun. Our industry is afflicted with advisors and actors who are heavily biased, leading to misguidance, poor decision-making, and inaction.
Transparency in Crypto Exchange Fill Volumes (Updated July 21, 2023)
A cursory glance at token and exchange metrics on platforms like CoinMarketCap or CoinGecko may give the impression that the trading volume has only slightly declined since the peak of the last bull run in 2021.
Analyzing Cryptocurrency Primary Listing Performance in 2023 (Updated July 6, 2023)
We believe that a token’s primary listing is one of the most important events in a project’s history. For most tokens, this event will bring in the highest organic volumes and establishes the groundwork for subsequent price discovery.
Analyzing Cryptocurrency Primary Listing Performance in 2023 (Updated June 6, 2023)
We believe that a token’s primary listing can be considered one of the most important, if not the most important, moments in a token’s price performance. For most tokens, this event will bring in the highest organic volumes and establishes the groundwork for subsequent price discovery.
Stablecoin Review
Diversifying stablecoin holdings across the top three is a prudent approach, with USDC and BUSD preferred as a secure store of value and USDT held for trading.
Alameda-FTX Situation Awareness - Actions and Outlook
As the market contagion from the FTX & Alameda fallout spreads, we at AcheronTrading would like to reiterate our goals related to the management of client accounts and share our perspective on the situation.
AcheronTrading is excited to announce the acquisition of HedgeTech LLC
The acquisition of HedgeTech comes as a natural step in the steady growth of AcheronTrading.
The Merge - Strategy & Caveats
Mid-September, Ethereum is expected to transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
Flood Warning
November has brought a massive surge in primary listing performance and catalyzed a flood of new tokens entering the market.
Traders like CEX
Building on my previous article, Analyzing the "First-Day Pop" in Digital Asset Markets; a Market Maker's Perspective, I'd like to update our view of the current market for primary listings and where price discovery and liquidity are moving.
Analyzing the "First-Day Pop" in Digital Asset Markets; a Market Maker's Perspective
The “first-day pop” or “IPO pop” is one of the more commonly cited IPO success measures and indicators of market health in traditional securities markets.
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Our team publishes foundational articles, and gives its take on the current and future state of the crypto market.