How do TDMM and Vortex compare at a glance?
| TDMM | Vortex | |
|---|---|---|
| Operating history | Active since 2015 | Site timeline starts in 2022; other accounts say market making from 2021 |
| Legal entity and base | TDMM Ltd, part of TradeDog Group | Nevis Vortex Markets Global LLC, Saint Kitts and Nevis |
| Core offer | Market making, liquidity provisioning, listing support, treasury and exit management | Market making, custom trading solutions, treasury building, listing support |
| CEX coverage | Part of 100+ CEX and DEX integrations | 40+ on its home page; 50+ on its services page |
| DEX coverage | Uniswap, PancakeSwap, Raydium, Orca and others on seven chains | Not described on its services page |
| Self-reported scale | $10B+ traded; 200+ markets | 180+ clients; 93% client retention; no trading volume on its website |
| Commercial model | Retainer; token loan structures by agreement | Retainer; a loan and call option model was listed as a 2025 plan |
| Licences claimed | Not published | None claimed |
Who is Vortex?
Vortex is the market maker at vortex.foundation. Its privacy policy names Nevis Vortex Markets Global LLC of Charlestown, Saint Kitts and Nevis, and co-founder Gleb Gora has described a team of about 50. It should not be confused with unrelated companies that share the Vortex name. The firm offers market making with cross-exchange arbitrage management, custom trading solutions, treasury building and listing support, and says it serves both established projects and early-stage ventures.
Its home page reports 180+ clients, 40+ centralised exchange partners and a 93% client retention rate, and promises pricing with no hidden costs without listing prices. A 2024 promotional article quoted $3,000 a month for one exchange and $4,000 for two, which may be out of date. The site's terms say that references to market making do not indicate regulated activity. Its most recent blog post is dated November 2025.
How do reported exchange counts compare?
Self-reported exchange integrations
Where is Vortex strong?
Small-token focus
It says it serves early-stage ventures, and its 2024 quoted entry price was low for the market.
Large client count
180+ clients by its own count, with a reported 93% retention rate.
Impersonation check
A page on its site lets a project verify whether a Telegram account is an official Vortex representative.
Listing and treasury bundle
Listing introductions and treasury building sit beside market making.
Where does TDMM differ from Vortex?
A longer, published record
TDMM has traded since 2015 and publishes a cumulative volume figure. Vortex's website gives client counts but no volume.
DEX market making
TDMM manages pools and ranges on seven chains. Vortex's services page describes exchange market making only.
Measurable terms, no profit claims
TDMM commits to spread, depth and uptime per venue. Vortex's home page leads with net profit generated for clients, which is a different promise from liquidity.
Exit management
TDMM also runs investor exits and treasury sales with the market kept two-sided.
TDMM or Vortex: which fits which project?
| Your situation | Likely better fit | Why |
|---|---|---|
| Token has DEX pools that need managing | TDMM | Vortex's services page does not describe DEX market making |
| Lowest possible monthly cost on one or two exchanges | Vortex may quote lower | Its 2024 quoted prices started at $3,000 a month; confirm current terms |
| Investors or exchanges will ask about track record | TDMM | Active since 2015 with published volume |
| Need coverage across many venues | TDMM | 100+ integrations against 40 to 50 |
| Want treasury growth targets | Read the terms carefully | A market maker paid to grow a treasury has different incentives from one paid to keep a market liquid |
What should you ask both firms before signing?
What exactly do you commit to?
Ask for maximum spread, minimum depth and uptime per venue in the contract, not profit or price outcomes.
How is treasury building done?
Ask where the profit comes from, who bears losses and how it is reported.
Which legal entity signs, under which law?
Know the jurisdiction and how a dispute would be handled.
Are you talking to the real firm?
Verify representatives through each firm's official channels before sharing anything.
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 Vortex in crypto market making?
Vortex is the market maker at vortex.foundation, operated by Nevis Vortex Markets Global LLC of Saint Kitts and Nevis. It offers market making, custom trading solutions, treasury building and listing support, and reports 180+ clients and 40+ centralised exchange partners.
How much does Vortex charge?
Vortex does not list prices on its website. A promotional article from June 2024 quoted $3,000 a month for one exchange, $4,000 for two and $750 for each additional exchange. Those figures may no longer apply.
How is TDMM different from Vortex?
TDMM has been active since 2015, reports more than $10 billion traded and 100+ CEX and DEX integrations, covers DEX pools, and adds exit management. Vortex is a newer retainer-focused firm aimed at small and early-stage tokens.
Does Vortex do DEX market making?
Its services page describes market making and arbitrage management between exchanges and does not mention DEXs, although its blog has published a guide on the subject. Ask the firm directly.
Is Vortex regulated?
Vortex claims no licence. Its terms state that references to market making do not indicate regulated activity and that the terms are governed by the laws of Saint Kitts and Nevis.
Which is better for a small-cap token, TDMM or Vortex?
Both work with small-cap tokens. Compare what each will commit to in writing per venue, the total cost, DEX coverage if you need it, and how results can be verified against public data.
Related TDMM offerings and guides
Offerings
Details about Vortex come from its website and public records read on 9 October 2026 and may have changed. Vortex 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.