Acheron Trading
Acheron Trading is a Singapore-headquartered digital asset market maker founded in 2019 that provides principal and designated market making, managed execution, and trading infrastructure licensing to token issuers, cryptocurrency exchanges, and market makers globally, excluding US entities.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Acheron Trading does
Acheron Trading is a Singapore-headquartered digital asset market maker founded in 2019, providing liquidity and advisory services to token issuers, cryptocurrency exchanges (centralized and decentralized), and other market makers globally. The firm explicitly does not serve US-located entities and operates with a dual-hub structure spanning Singapore and Amsterdam, where Acheron Europe B.V. holds a MiCA crypto-asset service provider license from the Dutch Authority for the Financial Markets (AFM). Its scale is described as multi-billion USD equivalent of liquidity provision across a broad price spectrum, with a headcount of 11-50 employees.
The company's offering spans four interconnected products: Principal Market Making (PMM), a symbiotic loan plus call option model with live market metrics for two-sided liquidity provision; Designated Market Making (DMM), a white-glove contractual relationship providing dedicated market making for issuers and exchanges; Managed Execution, a client-tailored automated agency execution service across CEX and DEX venues; and Command Station, a professional trading infrastructure platform offered via software licensing and consulting. Underlying capabilities include order book depth analytics and proprietary execution infrastructure; the 2022 acquisition of HedgeTech LLC extended the firm's technology stack for issuers, exchanges, and market-makers.
Acheron Trading operates a consultative, enterprise-focused go-to-market motion targeting institutional counterparties through direct field sales, with a 'Schedule a meeting' engagement model and multi-year contracts. Revenue is generated through four streams classified as transaction fees (PMM spreads), recurring/contractual relationships (DMM), managed services (Managed Execution), and licensing/royalties (Command Station). The company is privately held with no disclosed funding rounds or institutional investors, and is associated with the Singapore FinTech Association, ACCESS, and BCNL industry bodies.
Acheron Trading firmographics
Firmographics- Name
- Acheron Trading
- Legal name
- Acheron Europe B.V.
- Website
- https://acherontrading.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Acheron Trading is a Singapore-headquartered digital asset market maker founded in 2019 that provides principal and designated market making, managed execution, and trading infrastructure licensing to token issuers, cryptocurrency exchanges, and market makers globally, excluding US entities.
- Ownership category
- akta.pro rank
Acheron Trading industry classification
Industry- Product category
- Digital Asset Market Making
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), 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
- Market Making & Liquidity Provision (FSADAJAC)
- akta.pro secondary industry
- Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)
Keywords
Where Acheron Trading is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Acheron Trading business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Others
Revenue model
- Principal Market Making (PMM): Symbiotic loan plus call option model providing liquidity to digital asset markets with live market metrics integration. Revenue generated through market making spreads and positioning.
- Designated Market Making (DMM): White glove contractual relationship providing dedicated market making services to specific clients, typically exchanges and issuers.
- Managed Execution: Client-tailored automated agency execution for buying and selling digital assets, providing execution services on a managed basis.
- Command Station (Technology Licensing): Professional trading infrastructure software licensing with consulting services for market participants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on service scope |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Acheron Trading product offering
Product offeringCore offering
Acheron Trading provides digital asset liquidity and market making services through four offerings: Principal Market Making (PMM) using a symbiotic loan plus call option model; Designated Market Making (DMM) as a white-glove contractual service; Managed Execution for client-tailored automated buying and selling of digital assets; and Command Station, a professional trading infrastructure and software licensing platform with consulting. Services target digital asset issuers, exchanges, and market makers worldwide (excluding the United States).
Product overview
Acheron Trading operates as a liquidity provider platform offering four interconnected services: Principal Market Making (PMM) uses a symbiotic loan plus call option model with live market metrics; Designated Market Making (DMM) provides white glove contractual relationships; Managed Execution offers client-tailored automated agency execution for digital assets; and Command Station delivers professional trading infrastructure via software licensing and consulting. The company also acquired HedgeTech LLC in 2022 to expand its technology provider capabilities for issuers, exchanges, and market-makers in the digital asset space.
Differentiator
Problem solved
Functional benefit
Brands
- Command Station: Professional trading infrastructure and software licensing platform with consulting services.
Products and services
- Principal Market Making (PMM) Symbiotic loan plus call option model with live market metrics that provides robust, takable liquidity across a broad price spectrum for digital assets. Designed for digital asset issuers, exchanges, and market makers seeking sustainable market depth and efficient price discovery.
- Designated Market Making (DMM)
- Managed Execution
- Command Station
Quantifiable outcome
- Visual order book depth improvement with Acheron Trading vs without
Companies that use Acheron Trading
Customer profileSegments4 records
Ideal customer profiles4 records
Acheron Trading technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Acheron Trading partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- HedgeTech LLCcoreAcheron Trading acquired HedgeTech LLC, a leading technology provider for issuers, exchanges, and market-makers in the digital asset space. The deal aimed to integrate HedgeTech's products and expertise to foster global adoption of digital assets.
- Singapore FinTech AssociationminorAcheron Trading is a member of the Singapore FinTech Association, indicating participation in Singapore's fintech ecosystem and industry advocacy.
- ACCESS (Singapore Cryptocurrency and Blockchain Industry Association)minorAcheron Trading is a member of ACCESS, the Singapore Cryptocurrency and Blockchain Industry Association, supporting industry standards and ecosystem participation.
- BCNL (Blockchain Czech Netherlands)minorAcheron Trading is a member of BCNL (Blockchain Netherlands), indicating engagement with the Dutch blockchain ecosystem and industry associations.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Acheron Trading competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Acheron Trading social profiles
Digital presenceAcheron Trading financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acheron Trading leadership team
Management profileNumber of profiles
Profiles4 records
Acheron Trading subsidiaries and ownership
Company hierarchySubsidiaries1 record
Acheron Trading funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acheron Trading M&A and investment
M&A and investmentM&A1 record
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Acheron Trading
What does Acheron Trading do?
Acheron Trading provides digital asset liquidity and market making services through four offerings: Principal Market Making (PMM) using a symbiotic loan plus call option model; Designated Market Making (DMM) as a white-glove contractual service; Managed Execution for client-tailored automated buying and selling of digital assets; and Command Station, a professional trading infrastructure and software licensing platform with consulting. Services target digital asset issuers, exchanges, and market makers worldwide (excluding the United States).
Is Acheron Trading a public or private company?
Acheron Trading is a private company. It is classified as unknown and is currently operating.
When was Acheron Trading founded?
Acheron Trading was founded in 2019. It employs 11 to 50 people.
Where is Acheron Trading based?
Acheron Trading is headquartered in Singapore, Singapore, in the Asia region.
How does Acheron Trading make money?
Four revenue lines are on record. Principal Market Making (PMM) is the primary driver. The others are designated Market Making (DMM), managed Execution and command Station (Technology Licensing).
Does Acheron Trading have an API?
No public API is recorded for Acheron Trading.
What industry is Acheron Trading in?
Acheron Trading's product category is Digital Asset Market Making. Its primary akta.pro industry code is FSADAJAC, Market Making & Liquidity Provision, with a secondary code of FSAPADAG, Brokerages & On/Off-Ramps (fiat rails, instant buy/sell). Its NAICS code is 5231 and its SIC code is 6200.