Market maker comparison

TDMM vs Gravity Team: which fits your token?

TDMM and Gravity Team both make markets for token projects on centralised exchanges. Gravity Team, founded in 2017, reports $500 billion or more of cumulative volume on 40+ exchanges and is strong in exchange liquidity and fiat OTC for emerging markets. TDMM, active since 2015, covers CEX and DEX together and adds listing support, treasury and exit management for token projects.

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  • 100+TDMM CEX and DEX integrations
  • 7chains covered by TDMM
  • 40+Gravity Team exchanges (self-reported)
  • $500B+Gravity Team cumulative volume (self-reported)

Author: Vaibhav Singh · Last reviewed .

How do TDMM and Gravity Team compare at a glance?

TDMMGravity Team
FoundedActive since 20152017
Legal entitiesTDMM Ltd, part of TradeDog GroupGravity Team Ltd (British Virgin Islands); Gravity Trade Partners SA (Switzerland)
Core offerMarket making, liquidity provisioning, listing support, treasury and exit managementToken market making, OTC trading, exchange liquidity, execution management system
CEX coveragePart of 100+ CEX and DEX integrations40+ exchanges; 1,400+ pairs
DEX coverageUniswap, PancakeSwap, Raydium, Orca and others on seven chainsNot stated on its website
Self-reported scale$10B+ traded; 200+ markets$500B+ cumulative volume; about 1% of global spot volume; 99.9% uptime
Regulatory footingNot publishedSwiss entity affiliated with SO-FIT, a self-regulatory body authorised by FINMA
Commercial modelRetainer; token loan structures by agreementNot published; strategic investment offered to selected projects
TDMM figures are its own reported numbers. Gravity Team details are from its website and public records as read on 9 October 2026.

Who is Gravity Team?

Gravity Team is a market maker founded in 2017 by Martins Benkitis, Edgars Laimite and Kriss Pujats, with roles advertised in Riga, Singapore, Bangkok, London and Amsterdam. It reports more than $500 billion of cumulative trading volume, 40+ active exchanges and 1,400+ trading pairs, and says it accounts for about 1% of global crypto spot volume. Its Swiss entity is affiliated with the self-regulatory organisation SO-FIT.

Its four products are token market making, OTC trading, exchange liquidity and an execution management system. Exchange relationships lean toward emerging-market venues such as Bitso, Bitkub, VALR and Bitbank, and its OTC desk offers same-day fiat settlement in a dozen or more currencies. For selected token projects it offers early-stage investment alongside listing support. Its website does not mention DEX market making, options or treasury management, and its recent blog content centres on stablecoin payments.

How do reported venue counts compare?

Self-reported venue integrations

Self-reported venue integrationsTDMM reports 100+ CEX and DEX integrations and Gravity Team reports 40+ active exchanges. Gravity Team reports far higher cumulative volume: $500 billion or more against TDMM's $10 billion or more.TDMM (CEX andDEX integrations)100+Gravity Team (exchanges)40+
TDMM reports 100+ CEX and DEX integrations and Gravity Team reports 40+ active exchanges. Gravity Team reports far higher cumulative volume: $500 billion or more against TDMM's $10 billion or more.

Where is Gravity Team strong?

  • Volume and track record

    More than $500 billion of cumulative volume reported since 2017.

  • Emerging-market exchanges

    Liquidity relationships with Bitso, Bitkub, VALR and Bitbank, which few market makers cover deeply.

  • Fiat OTC corridors

    An OTC desk with same-day fiat settlement, aimed at payment firms and fintechs.

  • Capital for selected projects

    Strategic investment for projects it selects, in addition to market making.

Where does TDMM differ from Gravity Team?

  • DEX and CEX together

    TDMM manages pools on Uniswap, PancakeSwap, Raydium and Orca on the same book as exchange order books. Gravity Team's site describes centralised exchanges only.

  • Token lifecycle services

    TDMM adds treasury management, yield on idle inventory and exit management for projects and investors.

  • Open to small and emerging tokens

    Gravity Team describes a boutique approach for select clients. TDMM publishes benchmarks and works with tokens trading from a few thousand dollars a day.

  • Wider venue count

    TDMM reports 100+ CEX and DEX integrations against Gravity Team's 40+ exchanges.

TDMM or Gravity Team: which fits which project?

Your situationLikely better fitWhy
Token trades on DEX pools as well as exchangesTDMMGravity Team's site does not describe DEX market making
Stablecoin or payments project needing fiat corridorsGravity TeamOTC desk with same-day fiat settlement in emerging-market currencies
Priority listings in Latin America, Southeast Asia or AfricaGravity TeamNamed relationships with Bitso, Bitkub and VALR
Need treasury or exit management with market makingTDMMRun on one desk
Small-cap token not backed by well-known fundsTDMMGravity Team's investment criteria mention reputable venture backing
A starting point, not a verdict. Ask both firms for written terms before deciding.

What should you ask both firms before signing?

  • Do you cover my DEX pools?

    If the token has on-chain liquidity, ask who manages it and how pool prices are kept in line with order books.

  • What does 99.9% uptime measure?

    Ask whether uptime means system availability or time spent quoting inside the agreed spread and depth.

  • Is investment tied to the mandate?

    Where a market maker also invests, ask how its token holdings are kept apart from the market making book.

  • Which exchanges are priorities for my holders?

    Match each firm's strongest venues to where your users are.

Which other TDMM comparisons can you read?

TDMM publishes 16 one-to-one comparisons. Each uses the same structure so they can be read side by side.

Frequently asked questions

What is Gravity Team?

Gravity Team is a crypto market maker founded in 2017. It reports more than $500 billion of cumulative trading volume on 40+ exchanges and offers token market making, OTC trading, exchange liquidity and an execution management system.

Does Gravity Team do DEX market making?

Its website does not describe DEX or on-chain market making. It lists centralised exchange market making, OTC, exchange liquidity and execution software. TDMM covers both CEX order books and DEX pools.

How is TDMM different from Gravity Team?

Gravity Team is strongest in centralised exchange liquidity and emerging-market fiat OTC. TDMM covers CEX and DEX on one book and adds listing support, treasury and exit management for token projects.

Is Gravity Team regulated?

Its Swiss entity, Gravity Trade Partners SA, is affiliated with SO-FIT, a self-regulatory organisation authorised by FINMA under Swiss anti-money-laundering law. The website claims no other licence.

Which is better for a stablecoin project?

Gravity Team's fiat OTC desk and emerging-market exchange relationships are a good match for stablecoin and payments projects. A token with DEX pools or treasury needs should also speak to TDMM.

Does Gravity Team publish pricing?

No. Neither Gravity Team nor TDMM publishes prices. Ask each for a quote with spread, depth and uptime targets per venue.

Related TDMM offerings and guides

Details about Gravity Team come from its website and public records read on 9 October 2026 and may have changed. Gravity Team is not affiliated with TDMM and its name is used for identification only. TDMM publishes this page and has an interest in the comparison. This is not investment, legal or tax advice.