Coinwatch Launches ” The Coinwatch Track” For Market Makers

Coinwatch has launched “Coinwatch Track“, a real-time dashboard designed to help crypto projects monitor their market makers’ activities. The tool provides visibility into trading metrics such as order book depth, spread, and volume across exchanges, using market maker API keys processed securely via Trusted Execution Environments (TEEs) to protect privacy. This addresses challenges like opaque market maker performance, enabling projects to track liquidity, verify activity, and ensure accountability.

Currently, 12 market makers are integrated, including Amber, Ampersan, Auros, CyantArb, Flowdesk, Galaxy, GSR, IMC, Keyrock, LO:TECH, Pulsar, and STS Digital, with more expected to join. The platform also supports exchange listing processes and liquidity management for tokens. Coinwatch Track provides crypto projects with real-time insights into market maker performance, including metrics like order book depth, spread, and trading volume. This transparency helps projects ensure market makers are fulfilling their obligations, such as maintaining liquidity and minimizing price manipulation.

Projects can make data-driven decisions, optimize token performance, and hold market makers accountable, reducing the risk of underperformance or unethical practices. By integrating 12 major market makers (e.g., Amber, Auros, GSR) and using secure Trusted Execution Environments (TEEs) to protect sensitive data, Coinwatch fosters trust between projects and market makers.

The dashboard supports projects in navigating exchange listing requirements by providing verifiable liquidity metrics, streamlining the process. Smaller or newer projects may find it easier to meet exchange standards, potentially increasing the number of tokens listed on reputable platforms. The tool levels the playing field by giving smaller projects access to sophisticated monitoring tools previously available only to larger players with in-house analytics.

As more market makers join the platform, Coinwatch Track could set a precedent for standardized reporting and performance metrics in the industry. This may push market makers to adopt best practices, reducing predatory behaviors like wash trading or front-running, but it could also increase operational costs for market makers.

While Coinwatch Track empowers projects with data, access to the dashboard may come with costs (pricing details are not publicly available, but premium tools often require subscriptions). Smaller projects or those with limited budgets may struggle to afford it. This could create a two-tier system where well-funded projects gain a competitive edge through better market maker oversight, while smaller projects remain reliant on less transparent or manual monitoring methods.

Coinwatch could offer tiered pricing or free access for early-stage projects to bridge this gap. The dashboard’s advanced metrics (e.g., order book depth, spread analysis) require a degree of technical expertise to interpret and act upon. Projects without skilled analysts may underutilize the tool. Teams with technical resources will benefit more, potentially widening the gap between professionally managed projects and those run by less experienced teams.

Coinwatch could provide educational resources or simplified interfaces to make the tool more accessible to non-technical users. Only 12 market makers are currently integrated, and others may resist joining due to privacy concerns or the cost of compliance with Coinwatch’s API requirements. Projects working with non-integrated market makers may face reduced visibility, creating a divide between those using supported market makers and those using others.

Market makers not on the platform may lose business if projects prioritize Coinwatch-compatible partners. Coinwatch’s expansion to include more market makers will be critical to reducing this divide. While Coinwatch Track enhances transparency, it introduces a centralized platform for monitoring decentralized markets. Projects relying heavily on Coinwatch may cede some control to a third-party tool.

Coinwatch’s use of TEEs for data privacy is a step toward addressing security concerns, but broader adoption may require open-source components or decentralized alternatives. Crypto projects operate in varied regulatory environments, and market makers may face different compliance requirements based on jurisdiction. Coinwatch Track’s utility could vary depending on local regulations.

Projects in stricter jurisdictions may face challenges integrating with the platform if market makers or exchanges are restricted, creating disparities in tool adoption globally. Coinwatch could tailor its platform to comply with major regulatory frameworks, but this would require significant resources. The tool could reduce market manipulation by making market maker activities more transparent, potentially stabilizing token prices and increasing investor trust.

However, it may also increase scrutiny on market makers, potentially driving some to operate in less regulated or non-integrated environments. Coinwatch Track positions Coinwatch as a leader in crypto analytics, but competitors like Nansen or Dune Analytics could develop similar tools, intensifying competition. Widespread adoption depends on market maker participation and project willingness to integrate APIs. Resistance from either group could limit the tool’s impact.

Coinwatch Track is a significant step toward transparency and accountability in crypto market making, benefiting projects, investors, and exchanges. However, it risks creating divides based on access, technical expertise, market maker integration, centralization concerns, and regulatory differences. To maximize its impact and minimize inequities, Coinwatch should focus on affordability, user education, broader market maker integration, and regulatory adaptability.