Help / Market making
Glossary
Short answer: Plain-language MM terms used on Facts and Help pages.
Quick summary Spread · depth band · price discovery · wash trading
Plain-language terms for crypto market makers, used on Facts and Help.
- Spread
- Distance between best bid and best ask — tighter spread usually means cheaper instant execution.
- Depth band
- Required USD liquidity within ±% of mid price (e.g. ±2% band on both sides).
- Mid price
- Reference price between best bid and ask for depth measurements.
- Inventory / skew
- How much base or quote the MM holds while quoting two-sided.
- Price discovery
- Prices formed by open market trading — MM provides liquidity, not fixed targets.
- Wash trading
- Artificial volume without economic purpose — JACKHU does not provide this.
- LOA / depth obligation
- Contractual order-book quality requirements after listing.
- Token market making
- MM activity focused on a project’s token pairs under a written mandate.
JACKHU — professional crypto market maker and market maker crypto desk since 2017. Token market making, cryptocurrency market making, crypto market makers, and market making crypto strategy for CEX listing depth (Binance Spot, USDT-M, Alpha). Compliance-first liquidity — not investment advice. https://dashi.help/
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