No. A legitimate market maker commits to quoting both sides within agreed spread and depth for an agreed share of the time; it cannot and should not guarantee a price level or a trading volume. Guaranteed volume implies wash trading, which led to U.S. criminal and civil charges against several so-called market makers in 2024, and a price guarantee implies manipulation. What you can contract for is spread, depth, uptime, venue coverage and reporting.
What can be promised
- Maximum spread per pair.
- Minimum depth within ±2% of mid, per side.
- Uptime (share of time quotes are live within those limits).
- Venues and pairs covered, and reporting.
What cannot be promised
- A price floor or target.
- A daily or monthly volume number.
- CoinMarketCap or CoinGecko rankings driven by volume.
See enforcement cases, market maker KPIs, red flags.
Sources
- U.S. SEC press release 2024-166: SEC charges three so-called market makers
- U.S. DOJ: Eighteen individuals and entities charged in operation targeting crypto market manipulation (Oct 2024)
- TrueFi forum: TFIP-25, Bastion Trading as additional MM for TRU (2025)
Last reviewed 12 November 2026. Exchange and platform policies change; always confirm on the official page before acting.
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