Coinwatch unveils instrument to let crypto tasks monitor market makers’ exercise in actual time


Key Takeaways

  • Coinwatch has launched a brand new service referred to as Observe.
  • Observe permits crypto tasks to observe their market makers in real-time.

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Coinwatch, a blockchain analytics workforce led by trade veterans, together with CoinList co-founder Brian Tubergen and former Head of Monetary Merchandise Matthieu Jobbe-Duval, has launched Coinwatch Observe, a instrument that lets crypto tasks monitor their market makers in actual time utilizing API keys and trusted execution environments (TEEs).

The system supplies tasks with instantaneous visibility into market maker buying and selling actions, together with depth, unfold, and quantity information throughout totally different crypto exchanges. By means of TEEs, the platform securely processes market maker API keys whereas adhering to strict privateness and safety protocols.

Twelve market makers have built-in with Coinwatch Observe, together with Amber, Galaxy, GSR, IMC Buying and selling, and Keyrock. The platform permits tasks to observe order e book place, token holdings, and the lively buying and selling standing of their market makers.

The service addresses widespread monitoring challenges confronted by crypto tasks, together with visibility into order e book composition and market maker participation ranges. Utilizing TEEs, Coinwatch Observe processes delicate API information with out straight accessing market makers’ keys, making a safe setting for information verification.

Coinwatch says it’s actively increasing its community of built-in market makers.

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