Not so long ago, I was driven by my little obsession with “How can I stabilize my income and maximize my profit?” after what happened on the 10th of October. For example, with a streak of 10 out of 10 cascading liquidations and with a slippage on Binance going wild, my stop orders froze, leading to positions that couldn’t be closed. That is when I watched spreads tear through levels I had carefully planned.
Since I’m a stability freak, I revisited the Market Making programs I’ve been part of as someone who’s seen how different exchanges treat their liquidity providers. Now the personal goal is to rate the best offers.
Market-Making Programs: How They Work and Why Take Part?
Simply, it’s a way for exchanges to ensure liquidity by incentivizing traders (like me) to place buy and sell orders, even when the market’s a bit quiet. Think of it as a crypto ‘traffic controller’ that ensures liquidity and manages volatility when everyone’s waiting for the next big move.
Market Makers help create a more stable environment, and in return, they get rewards like rebates and lower fees. Not a bad deal that allows me to make money while providing liquidity by always ensuring there’s a buyer and a seller.
And if you’re wondering who these programs are really for, they fit anyone tired of being at the mercy of volatility. Scalpers and day traders can squeeze extra profit from tight spreads and rebates; swing traders gain better control over liquidity instead of watching orders vanish during chaos; while algo, HFT, and arbitrage traders treat it as their sandbox for optimizing execution speed and cross-venue strategies.
5 Best MM Programs: Where I’m Putting My Liquidity?
Let me give you a well-balanced walkthrough of what the biggest crypto exchanges offer and how their programs stacked up in my experience:
Binance
Binance offers 0% maker fees on selected pairs and additional rebates for the top participant up to 0.005%, with 0.002% for others. API limits and performance reviews for tracking progress are also provided. The program’s liquidity incentives and the ability to scale with API integration made me pretty curious.
If not hitting high thresholds, the complex ranking system, which gives more weight to bids and offers that stay on the order book for three seconds or longer, and a limited list of pairs make it less appealing. My earlier experience during the October 10th crash left some scars. The ranking system sounds fair in theory — until order cancellations start freezing mid-volatility. When the matching engine lags, those systemic flaws resurface, and the cancel button becomes nothing more than UI decoration at peak stress. That can be more than lethal, even if you are a Market Maker.
WhiteBIT
Returning to October 10th, WhiteBIT stood out while most exchanges froze during peak volatility. Orders on WhiteBIT were still executing. The exchange keeps 96% of assets in cold wallets, uses WAF protection to resist hacking attempts, complies with FATF standards, and checks assets through its AML system.
WhiteBIT offers rebates of up to -0.012% on maker and taker fees, with the Spot taker fee lowest at -0.020% and Futures taker fee lowest at 0.025%. Flexible API access and 24/7 personal technical support are great. It supports a huge amount of trading pairs on both spot and futures, a collocation, and sub-accounts.
It’s simple: rebates, colocation, Europe-based servers, flexible API, security, and personalized 24/7 support. Also, there’s a practical way to “sit out” turbulent markets without letting capital stay idle. Crypto Lending as an alternative to classic staking locks my assets under different plans, earning interest while keeping funds safe during periods of high volatility.
Bitget
Bitget offers solid Spot Maker fees up to -0.012% and a tiered ranking, depending on monthly trading volume. The Tier 1 commission rate in the first month is a nice head start, but consistency matters more here. With rebates, VIP perks, and scalable API tools, Bitget’s setup gives room to grow and fine-tune its Market Making flow.
The focus on Asia-based servers might be affecting latency and execution speed, which is a concern.
Gate.io
Gate.io offers competitive maker rebates starting at -0.015% for BTC and ETH, along with VIP tier upgrades. An interest-free loan of up to 400,000 USDT gives traders flexibility to scale their activity. Personal technical support and weekly market reports are available to track performance and adjust strategies effectively.
The entry requirements, such as $20M on spot and $50M on futures, seem designed primarily for high-volume traders, but the flexibility in scaling up through the interest-free loan is a notable feature.
Bybit
Bybit offers maker rebates as high as -0.0075% for highly liquid pairs like BTC and ETH, tiered benefits, and an interest-free loan option of up to 400,000 USDT, providing flexibility to increase trading volume without extra risk. Personal support and market trend analysis are also provided.
The tier system can be a bit complex to navigate for traders who don’t have consistent, high-volume activity. Plus, the ranking evaluation system can change monthly, which can make it tough to predict where you’ll land unless you’re regularly hitting the necessary volume.
Conclusion: What Do You Choose to Trade and Earn Better?
Choosing a Market Making program, the ideal setup needs to combine stable infrastructure without execution bugs, strong security, and transparent fee structures. Low commissions, flexible API, server location for latency control, and tools like colocation and sub-accounts are also essential.
Here is a tip for you: make sure to do your own research; the mechanics behind each program are essential if you want to get the most out of it.
The winning offer is a platform that provides more live support, relatively easy entry, and a focus on user-friendly features to validate the cultivation that naturally attracts traders to ensure liquidity and fruitful collaboration.