BeInCrypto has released the long list for the Best Liquidity Provider category within its Institutional 100 program, recognizing institutional digital asset excellence. The list includes 15 firms spanning crypto-native market makers, TradFi prop firms with crypto desks, regulated European and Asian LPs, HFT platforms, prediction-market specialists, and multi-strategy LPs. Firms are listed alphabetically and include Auros, B2C2, Caladan, Cumberland (DRW), Flow Traders, Flowdesk, GSR, Gravity Team, Keyrock, Optiver (Crypto), Portofino Technologies, Raven, Selini Capital, Wincent, and Wintermute. The selection methodology is 50% quantitative and 50% Expert Council scoring, assessing criteria such as average daily trading volume, venue connectivity, token and pair coverage, regulatory licensure, settlement and risk framework, asset class breadth, reputation, and innovation signal. Data sources include regulatory registers (FCA, NYDFS, FINMA, etc.), audited filings, issuer disclosures, and third-party analytics. The winner will be announced at Proof of Talk in Paris on June 2–3, 2026. A shortlist will be named in May 2026.

Key facts

• 15 firms on long list for Best Liquidity Provider category (2026)
• 50% quantitative data, 50% Expert Council scoring methodology
• Winner announced at Proof of Talk in Paris, June 2-3, 2026
• Covers 24/7 OTC, algorithmic MM, prediction-market liquidity, and DeFi liquidity
• Data verified via regulatory registers, audited filings, and third-party analytics