What Sixtant does

Sixtant is a privately-held proprietary trading and market making firm founded in 2018 and operating through Sixtant Incorporated. The firm applies a market-neutral, high-frequency, algorithmic approach to crypto trading, acting as a designated market maker for select institutional clients and providing liquidity across centralized limit order books and DeFi protocols. By 2024, Sixtant reportedly traded tens of billions in annual volume and managed tens of millions in assets, despite operating with a team of 1–10 people based in Mexico City.

The firm's core technology is a proprietary trading system composed of three interlocking capabilities: a Market Making engine that produces competitive two-sided quotes across instruments ranging from perpetual swaps to emerging market currencies; a Market Structure Analysis capability that evaluates microstructural features such as tick sizes, order types, fee rebates, and API functionality for trading venues; and a real-time Market Data infrastructure that captures billions of market data points weekly from global crypto markets, with stated expertise in idiosyncratic exchange messaging. These capabilities feed both automated trading decisions and analytical services delivered to counterparties.

Sixtant's business model is built on two revenue streams: market making revenue generated from bid-ask spreads and liquidity provision, and proprietary trading revenue from market-neutral strategies that exploit structural inefficiencies. Distribution is exclusively through direct institutional relationships — there is no public pricing, no self-serve channel, and no consumer-facing product. Customer segmentation is horizontal, spanning institutional trading clients (primary) and trading venues/exchanges (secondary), with no disclosed named customer logos or contract values.

Name

Sixtant

Legal name

Sixtant Incorporated

Website

https://sixtant.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Sixtant is a private, algorithmic crypto market making and proprietary trading firm that provides liquidity to institutional clients and trading venues across centralized exchanges and DeFi protocols, generating revenue from spreads and market-neutral trading strategies.

Ownership category

akta.pro rank

Product category

Cryptocurrency Market Making

NAICS

Commodity Contracts Intermediation (523160), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ)

akta.pro secondary industry

DEX Analytics, Indexers & Trading Terminals (FSADABAK)

Keywords

• Algorithmic crypto trading
• Market making services
• Proprietary trading firm
• Liquidity provision
• Market structure analysis

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure

Revenue model

1. Market Making Revenue: Earnings from bid-ask spreads and liquidity provision across crypto instruments including perpetual swaps and emerging market currencies. Revenue generated as a designated market maker for select clients.
2. Proprietary Trading Revenue: Profits from market-neutral trading strategies based on understanding market structure and correcting inefficiencies. Trading across centralized limit order books and DeFi protocols.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Sixtant operates as a market-neutral algorithmic crypto trading and market making firm, providing liquidity across crypto instruments including perpetual swaps and emerging market currencies through a proprietary algorithmic trading system. It additionally offers market structure analysis to crypto trading venues, evaluating microstructural features such as tick sizes, order types, fee rebates, and API functionality. Its services are underpinned by a real-time market data infrastructure capturing billions of data points weekly from global crypto markets.

Product overview

Sixtant is a market-neutral algorithmic crypto trading and market making firm offering a unified platform of proprietary trading services. The core offerings consist of Market Making (providing liquidity across crypto instruments including perpetual swaps and emerging market currencies), Market Structure Analysis (assisting trading venues with microstructural feature analysis), and Market Data Services (real-time capture and analysis of billions of market data points from global crypto markets). These services are powered by a proprietary trading system that leverages market structure insights and data intelligence to maintain competitive, liquid markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Making

Quantifiable outcome

• Industry-leading uptime for market making operations

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• CMS Holdings: Crypto-native trading and market-making firm providing liquidity across exchanges and OTC. Closely comparable niche and business model.
• Wintermute: Largest dedicated crypto market maker globally, providing liquidity across centralized exchanges and DeFi. Most direct competitor to Sixtant's core market-making and proprietary-trading activities.
• B2C2: Institutional crypto liquidity provider and OTC market maker, including derivatives. Comparable business model of providing two-sided liquidity and proprietary trading to venues and clients.
• Kronos Research: Prop trading firm focused on crypto market making and quantitative strategies. Closely comparable by size, focus, and reliance on proprietary algorithmic infrastructure.
• GSR Markets: Crypto market maker and proprietary trading firm providing two-sided liquidity across centralized and DeFi venues. Highly comparable product offering and customer base.

Broad incumbents

• Jump Crypto: Crypto arm of Jump Trading, one of the largest quantitative trading firms globally. Provides market making across spot and derivatives and operates at materially larger scale.
• Flow Traders: Publicly-listed global market maker that has expanded into crypto. Operates a much larger and more diversified book but directly competes for crypto liquidity mandates.
• Cumberland (DRW): Crypto trading arm of DRW, providing OTC liquidity and market making across digital assets. Significantly larger balance sheet and broader institutional reach.
• Amber Group: Crypto-native trading and market-making firm offering liquidity, derivatives, and wealth services. Overlapping market-making product with broader product breadth.
• Galaxy Digital: Public crypto financial services firm active in trading, market making, and asset management. Overlaps with Sixtant on trading and liquidity provision, though broader in scope.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Sixtantio
• GitHubgithub.com/sixtantio
• LinkedInlinkedin.com/company/sixtant

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sixtant