No major exchange publishes a single liquidity number. Work it out from depth targets: decide how much should be buyable and sellable within ±2% of mid on each pair (TrueFi’s 2025 market-making KPI was USDT 40,000 per 2% across venues), multiply by venues and both sides, add a volatility buffer, then fund tokens for the ask side and stablecoins for the bid side, or use a token loan or LP-side partner that brings its own capital.
Worked example
| Input | Example |
|---|---|
| Depth target per side, ±2% | USD 40,000 |
| Venues | 3 |
| Sides | 2 |
| Buffer | 1.5× |
| Inventory to hold depth | 40,000 × 3 × 2 × 1.5 = USD 360,000 (half tokens, half stablecoins) |
Lower targets on smaller venues cut this a lot; run your own numbers in the liquidity calculator.
If the treasury cannot fund it
A token loan (firm funds bids) or an LP-side partner that deploys its own capital reduces what you must supply.
Full guide: how much liquidity for a CEX listing.
Sources
Last reviewed 12 November 2026. Exchange and platform policies change; always confirm on the official page before acting.
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