Kronos Research
Kronos Research is a Taipei-headquartered quantitative trading firm founded in 2018 that provides algorithmic market making, institutional liquidity provision, and systematic investment strategies across 40+ global digital asset venues for exchanges, protocols, and institutional allocators.
- Company typePrivate
- Founded2018
- HeadquartersTaipei, Taiwan
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Kronos Research does
Kronos Research is a Taipei-headquartered quantitative trading firm founded in 2018 that delivers technology-driven market making, liquidity provision, and systematic investment services across global digital asset markets. The firm operates across 40+ centralized and decentralized venues with co-located trading servers worldwide, executing billions of dollars in daily trading volume through proprietary low-latency execution infrastructure, algorithmic smart order routing, and dynamic quoting engines that adapt to volatility in real time. Its product platform spans exchange market making for 30+ global venues, token market making for protocol issuers, the Liquid Diversified Strategies Fund and separately managed accounts for institutional and accredited allocators, and systematic OTC execution for institutional trading desks. A venture investing arm previously operated under Kronos Ventures was spun off into the independent firm Proxima in February 2026.
The firm's revenue model combines transaction-based spread and volume fees from market making and OTC execution with recurring management and performance fees from its multi-strategy systematic funds and separately managed accounts. Customer segments include cryptocurrency exchanges and blockchain protocols, institutional allocators and family offices, institutional trading desks, and token project founders, all served through a direct B2B sales motion rather than self-serve distribution. Kronos maintains operating presence in Taiwan (primary engineering and operations center), Singapore (Asia-Pacific regional hub), and the United States, supporting a 24/7/365 execution model led by a C-suite of CEO Hank Huang, CIO Vincent Liu, COO Kevin Lee Coll, CTO Vincent Wang, and Director of Quantitative Research Jonathan Pearce.
Kronos Research firmographics
Firmographics- Name
- Kronos Research
- Legal name
- Kronos Research
- Website
- https://kronosresearch.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kronos Research is a Taipei-headquartered quantitative trading firm founded in 2018 that provides algorithmic market making, institutional liquidity provision, and systematic investment strategies across 40+ global digital asset venues for exchanges, protocols, and institutional allocators.
- Ownership category
- akta.pro rank
Kronos Research industry classification
Industry- Product category
- Quantitative Trading
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Intermediation (52391), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Investment Advice (6282)
- akta.pro primary industry
- Market Making & Liquidity Provision (FSADAJAC)
- akta.pro secondary industries
- Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ), Liquidity Aggregation & Smart Order Routing (FSADAJAD), Quant Research & Systematic Strategies (FSACAGAF)
Keywords
Where Kronos Research is headquartered
LocationHeadquarters
- HQ city
- Taipei
- HQ country
- Taiwan
- HQ region
- Asia
Offices3 records
Markets served
Kronos Research business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations
Revenue model
- Market Liquidity Provision Services: Fees generated from providing two-sided liquidity to exchanges and protocol tokens. Services include exchange market making, token market making, and cross-venue liquidity provision. Revenue derived from bid-ask spreads and volume-based fees across 40+ centralized and decentralized venues.
- Investment Solutions: Management fees and performance fees from multi-strategy systematic funds and separately managed accounts targeting institutional investors and accredited allocators. The Liquid Diversified Strategies Fund and SMA offerings provide diversified exposure through liquidity provision, arbitrage, CTA, and market-neutral strategies.
- Systematic OTC Execution: Institutional-grade OTC liquidity services for major digital assets with algorithmic execution. Revenue generated through transaction fees and spreads on large block trades aggregated from global venues and counterparties.
- Venture Investing: Strategic equity investments into digital asset companies. Note: Kronos Ventures transitioned to Proxima as independent firm effective February 2, 2026, though Kronos Research continues making strategic investments independently.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Kronos Research product offering
Product offeringCore offering
Kronos Research provides institutional-grade market making and liquidity provision across 40+ centralized and decentralized digital asset exchanges, alongside multi-strategy systematic investment funds, separately managed accounts, and OTC execution for major digital assets. The firm combines proprietary machine learning models, low-latency execution infrastructure, and disciplined risk management to deliver tight spreads, continuous two-sided liquidity, and risk-adjusted returns. Services target exchanges, protocol token projects, institutional allocators, family offices, and trading desks.
Product overview
Kronos Research operates as a quantitative trading firm with a multi-product platform architecture. The core offerings include Market Liquidity Provision (encompassing Exchange Market Making and Token Market Making), Investment Solutions (comprising the Liquid Diversified Strategies Fund and Separately Managed Accounts), and Systematic OTC execution. A venture investing arm was formerly operated under Kronos Ventures, which transitioned to become the independent firm Proxima in February 2026. The firm also offers a Quantitative Research Program for talent development. These products work together to deliver institutional-grade liquidity, systematic investment strategies, and comprehensive trading solutions across digital asset markets worldwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Market Liquidity Provision
Quantifiable outcome
- Handling billions in daily trading volume
- +2 more outcomes
Companies that use Kronos Research
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Kronos Research technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Kronos Research partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- CoinExminorCo-organized 'RISING TIDE: High-Signal Night' exclusive side event with ViaBTC during Hong Kong Web3 Festival 2026. The event brought together global leaders, builders, and investors for strategic networking and industry dialogue in the digital asset ecosystem.
- ViaBTCminorCo-organized 'RISING TIDE: High-Signal Night' exclusive side event with CoinEx during Hong Kong Web3 Festival 2026. ViaBTC is the parent company of CoinEx cryptocurrency exchange established in 2017.
- MercuryominorSupported the RISING TIDE event at Hong Kong Web3 Festival 2026 as a supporting partner alongside CoinEx and Global Fintech Institute.
- Global Fintech InstituteminorSupported the RISING TIDE event at Hong Kong Web3 Festival 2026 as a supporting partner alongside CoinEx and Mercuryo.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Kronos Research competitors and assessment
Company assessmentDirect peers
- GSR: Specialized crypto market maker and trading firm offering liquidity, OTC, and structured products. Direct peer in exchange/token market making, OTC execution, and institutional trading services.
- Cumberland (DRW): Institutional crypto trading arm of DRW, one of the largest liquidity providers in digital assets. Competes with Kronos in OTC block trading, market making, and institutional counterparty services.
- Jump Crypto: Quantitative trading arm of Jump Trading focused on digital assets. Competes directly with Kronos in algorithmic market making, liquidity provision, and systematic investment strategies across crypto markets.
- FalconX: Crypto prime brokerage and OTC trading firm providing institutional liquidity, market making, and credit. Direct peer in institutional OTC execution and liquidity provision for digital assets.
- Wintermute: One of the largest crypto-native market makers providing liquidity across centralized and decentralized venues. Direct competitor to Kronos in exchange and token market making, OTC execution, and systematic trading strategies.
- B2C2: Institutional crypto liquidity provider and OTC market maker. Direct peer in OTC execution and institutional liquidity provision for major digital assets.
- Amber Group: Hong Kong-headquartered crypto trading and financial services firm offering market making, OTC, and wealth management. Direct competitor across Kronos's liquidity provision, OTC, and investment solutions product lines.
Broad incumbents
- Flow Traders: Publicly traded global liquidity provider with established crypto ETP market making. Adjacent incumbent in algorithmic market making, with overlap in tokenized financial products.
- Galaxy Digital: Public crypto financial services firm offering trading, asset management, and advisory. Overlaps with Kronos in market making, OTC, and digital asset fund management but with a much broader service portfolio and capital base.
Emerging players
- Alameda Research (historical): Formerly one of the largest crypto quant trading firms and a key peer in market making and systematic trading. Listed for historical peer comparability; the firm collapsed in 2022 but its former role as a dominant peer in this category is well established.
Market position
Strengths4 records
Weaknesses1 record
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Kronos Research social profiles
Digital presenceKronos Research financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kronos Research leadership team
Management profileNumber of profiles
Profiles5 records
Kronos Research subsidiaries and ownership
Company hierarchySubsidiaries1 record
Kronos Research funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kronos Research M&A and investment
M&A and investmentM&A
Investments33 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kronos Research
What does Kronos Research do?
Kronos Research provides institutional-grade market making and liquidity provision across 40+ centralized and decentralized digital asset exchanges, alongside multi-strategy systematic investment funds, separately managed accounts, and OTC execution for major digital assets. The firm combines proprietary machine learning models, low-latency execution infrastructure, and disciplined risk management to deliver tight spreads, continuous two-sided liquidity, and risk-adjusted returns. Services target exchanges, protocol token projects, institutional allocators, family offices, and trading desks.
Is Kronos Research a public or private company?
Kronos Research is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Kronos Research founded?
Kronos Research was founded in 2018. It employs 11 to 50 people.
Where is Kronos Research based?
Kronos Research is headquartered in Taipei, Taiwan, in the Asia region.
How does Kronos Research make money?
Four revenue lines are on record. Market Liquidity Provision Services are the primary driver. The others are investment Solutions, systematic OTC Execution and venture Investing.
Who are Kronos Research's main competitors?
Direct peers on record are GSR, Cumberland (DRW), Jump Crypto, FalconX, Wintermute, B2C2 and Amber Group. Broad incumbents are Flow Traders and Galaxy Digital. Alameda Research (historical) is listed as an emerging player.
Does Kronos Research have an API?
No public API is recorded for Kronos Research.
What industry is Kronos Research in?
Kronos Research's product category is Quantitative Trading. Its primary akta.pro industry code is FSADAJAC, Market Making & Liquidity Provision, with a secondary code of FSACANAJ, Crypto-Digital Asset Market Making (Spot & Derivatives). Its NAICS code is 523 and its SIC code is 6200.