Most market making platforms struggle with incomplete order book data that leads to adverse selection and unprofitable positions.
Without complete market depth visibility and real-time execution flow analysis, market makers face toxic flow, mispriced spreads, and inventory risk that erodes profitability. When your liquidity strategy can't access full order book snapshots, accurate fill probability models, or cross-venue arbitrage opportunities, your competitive edge disappears and capital efficiency plummets.
What are the pain points when providing crypto liquidity?
Missing order book snapshots prevent accurate spread pricing and lead to adverse selection from informed traders.
Limited depth-of-book visibility at L2/L3 levels reduces the ability to manage inventory and calibrate quotes accurately.
Incomplete trade and order flow data makes it harder to detect toxic flow and evaluate execution quality.
Limited cross-venue arbitrage visibility results in missed profit opportunities and suboptimal capital allocation.
Delayed market data during volatile periods leads to stale quotes and significant inventory risk exposure.
No standardized, normalized market data across venues slows down risk management and cross-market analysis.
Fragmented liquidity across exchanges makes unified strategy deployment complex and capital-intensive.
Insufficient granular trade data limits post-trade analysis, market impact measurement, and strategy optimization.
Gaps in historical depth data prevent accurate backtesting and simulation of market making strategies.
Lack of synchronized timestamps across feeds makes reconstructing market events and measuring latency difficult.
Data interruptions during exchange outages disrupt quoting and create exposure to mispriced trades.
Slow onboarding of new markets and venues due to inconsistent exchange API formats and protocols.
How CoinAPI Solves These Issues
Deliver Complete Market Depth for Confident Spread Pricing
- Solve missing order book snapshots with full L2/L3 order book reconstruction and microsecond timestamps for precise spread and skew calibration.
- Eliminate limited depth-of-book visibility by streaming real-time market depth from 380+ exchanges with in-order delivery via low-latency WebSocket and FIX APIs.
- Our Flat Files service addresses gaps in historical depth data, providing order book snapshots for backtesting and regime analysis.
- Supply market depth analytics inputs - bid-ask spreads, depth-weighted prices, liquidity concentration, for enhanced spread modeling.
Enable Detailed Execution Flow Analysis
- Fix incomplete trade and order flow data by delivering trade-by-trade records with aggressor side flags for toxic flow detection and post-trade analysis.
- Provide the granular historical and real-time trade data needed to power fill probability modeling and execution quality assessment.
- Resolve lack of synchronized timestamps with feeds aligned across venues for accurate event sequencing and market replay.
Identify Cross-Venue Opportunities
- Overcome limited cross-venue arbitrage visibility with consolidated price, depth, and trade data from all major crypto exchanges.
- Address fragmented liquidity across exchanges by providing normalized, multi-venue data in a single feed for unified market visibility.
- Supply derivatives metrics, including funding rates, to monitor cross-venue and cross-product differentials for expanded opportunity sets.
Support High-Frequency and Algorithmic Market Making
- Reduce delayed market data during volatile periods with sub-millisecond latency data feeds via WebSocket DS and FIX API connections.
- Streamline onboarding of new markets with a consistent schema across REST, WebSocket, and FIX for rapid integration into OMS/EMS platforms.
- Avoid data interruptions with redundant endpoints and infrastructure to keep data flowing during market stress.
Provide Institutional-Grade Market Microstructure Data
- Solve lack of standardized market data with normalized, cross-exchange datasets for unified analytics and comparable metrics.
- Offer depth and trade datasets structured for liquidity heat maps, order flow imbalance indicators, and spread analytics.
- Maintain high-precision timestamps enabling deterministic sequencing of order book and trade events for microstructure research.
Ensure Always-On Trading Data Infrastructure
- Minimize risk from exchange outages or partial feeds with a 99.99% uptime SLA, redundant data feeds, and automatic failover between primary and backup endpoints.
- Provide comprehensive logging and delivery monitoring to support reliability tracking and compliance reporting.
Why Developers Love Us?
Our API is built by developers, for developers. We give the right tools and resources to streamline your workflow and complete products faster and more efficiently.
Our core values
Why Choose CoinAPI?
Serge Kaulitz, Head DLT / Blockchain & Digital Assets
Luzerner Kantonalbank (LUKB)
"For us, selecting a Coin API is about reliability, transparency, and value. We look for broad currency coverage, consistent and verifiable pricing, and robust data access. Easy integration and responsive support are essential to build secure and scalable services."
