Helen is Marketing Team Lead at Motion Trade with 4+ years in Web3 and crypto marketing. Before joining Motion Trade, she built and led the marketing function at CLS Global and managed social media campaigns for a portfolio of crypto clients at Ninja Promo. She specializes in turning complex trading products into clear stories.
The best market makers on Bybit in 2026 are Motion Trade, Wintermute, GSR, Keyrock, Flowdesk, and Kairon Labs. Bybit combines one of the largest trading audiences in crypto with genuinely strict post-listing monitoring: tokens whose liquidity or volume decays get flagged and drift toward delisting review. The ranking below weighs launch execution and — just as heavily — the documented ability to keep a Bybit-listed token's metrics above the thresholds.
Bybit grew up as a derivatives exchange, and that heritage shapes everything about market making there. The audience is large, active, and leverage-native, which means spot books get tested by fast, aggressive flow rather than gentle accumulation. And the exchange takes market quality seriously in the other direction too: tokens that stop meeting liquidity and activity expectations are flagged, tagged, and eventually removed. For a project, a Bybit listing is a genuine prize with a genuine maintenance requirement — and the maintenance is the part that determines whether the listing pays for itself. This guide ranks the desks on both halves of that job.
Disclosure: Motion Trade is our own desk. The Bybit case cited below is from our public casebook, so you can hold us to the same standard as everyone else here.
What Bybit demands from a token's market
Three realities define the venue. First, the flow is fast: a derivatives-native audience trades spot aggressively, and thin books get punished with slippage cascades that read as manipulation even when they're just neglect. Second, monitoring is real: Bybit reviews listed tokens against liquidity, volume, and project-health criteria, flags decaying ones, and delists those that don't recover — a delisting that costs the project its listing fee, its chart, and a large share of its credibility at once. Third, recovery is possible but time-boxed: a token flagged for review has a window to restore its metrics, and what happens in that window is pure market-making execution.
The list
1. Motion Trade
Motion Trade's Bybit credential is unusually concrete: a documented engagement in which a Bybit-listed token was pulled out of the delisting risk zone in 10 days with a 260% liquidity increase — the exact scenario every Bybit-listed project hopes never to face, executed under time pressure with the exchange watching. The desk runs market making across 80+ centralized exchanges with 24/7 trader coverage and real-time reporting, alongside listing support (40+ listings monthly; exchange partners include OKX, KuCoin, Gate, and MEXC) and pre-TGE planning for projects approaching their Bybit debut rather than rescuing it. Engagements run on transparent retainer or profit-sharing terms. Services are not available to residents of the US, UK, UAE, Japan, Canada, or South Korea.
Best for: projects that want Bybit KPI compliance treated as a standing obligation — and proven crisis execution if metrics ever slip.
2. Wintermute
Wintermute provides tier-1 algorithmic depth across major venues, Bybit included, and for large tokens its presence effectively pre-answers the exchange's liquidity questions. Smaller projects typically fall outside its engagement profile.
Best for: major tokens where day-one depth at scale is non-negotiable.
3. GSR
GSR brings a decade-plus of exchange relationships and institutional-grade infrastructure, suited to projects for which Bybit is one component of a broader capital-markets strategy including OTC and derivatives.
Best for: established projects with institutional needs beyond the order book.
4. Keyrock
Keyrock's MiCA-era regulated footprint and issuer-focused practice make it a natural fit for European projects listing on Bybit that need a regulated counterparty to clear internal and investor diligence.
Best for: European issuers prioritizing a regulated liquidity partner.
5. Flowdesk
Flowdesk's market-making-as-a-service model keeps token and capital ownership with the project while the desk runs execution — relevant at Bybit launch time, when inventory commitments are being decided.
Best for: teams that want professional execution without transferring inventory to the desk.
6. Kairon Labs
Kairon Labs serves 500+ clients across 100+ exchange integrations with a small- and mid-cap focus and a long operating history across market cycles.
Best for: small- and mid-cap issuers seeking an accessible, established boutique.
What to check before signing a Bybit engagement
Ask what happens if the token gets flagged. The honest answer includes a concrete playbook — depth restoration targets, spread compression, a timeline — and ideally a documented precedent. A desk that says "that won't happen" hasn't thought about it.
Get the KPIs Bybit cares about into the contract. Spread ceilings, depth at defined price levels, uptime, and authentic volume floors. Our guide to how listings differ across exchanges covers what monitoring looks like venue by venue.
Demand real-time reporting. If the exchange can see your token's metrics continuously, you should be able to as well — discovering a problem from an exchange email is the expensive way.
Plan the launch before the TGE. Inventory and venue strategy set launch quality months ahead — sequence in our founder's guide to CEX launch preparation.
FAQ
Does Bybit delist tokens for low liquidity?
Yes. Bybit monitors listed tokens against liquidity, volume, and project-health criteria, flags those that decay, and removes tokens that fail to recover within the review process. The flagged period is a recovery window: restoring depth and spread metrics during it — as in the documented 10-day case above — can return a token to good standing.
Does Bybit require a market maker for listing?
Bybit, like other major exchanges, expects new listings to launch with professional liquidity and monitors metrics continuously afterward. Given the venue's fast, derivatives-native flow, launching a thin book on Bybit is riskier than on most exchanges — aggressive traders find and punish shallow depth within hours.
What is the delisting risk zone on Bybit?
It's the practical term for a token that has fallen below the exchange's liquidity or activity expectations and entered monitoring or review — the stage where the exchange has signaled a problem but not yet removed the token. It is recoverable with rapid, professional liquidity restoration, and permanent if ignored.
How fast can a token's Bybit metrics be fixed?
With committed inventory and professional execution, meaningfully fast: the documented case in this guide restored a flagged token with a 260% liquidity increase in 10 days. The realistic constraint is less the trading than the setup — accounts, inventory, and strategy have to be in place before the recovery clock runs out.
