Satori Research
Satori Research is a Hong Kong-based crypto market maker and algorithmic trading firm providing liquidity, delta-neutral and quantitative strategies, OTC, VC investment, and NFT market making across 30+ centralized and decentralized exchanges. It serves crypto projects, exchanges, and institutional clients.
- Company typePrivate
- Founded2020
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Satori Research does
Satori Research is a Hong Kong-headquartered crypto market maker and algorithmic trading firm founded in 2020 with a regional presence in Tokyo. The firm specializes in market neutral strategies and provides liquidity across 30+ centralized and decentralized exchanges, including tier-1 venues such as Binance, Gate.io, KuCoin, Bybit, Huobi, Bitfinex, and Crypto.com. Its core service offerings comprise Market Making, Delta-Neutral Strategies, Quantitative Strategies, VC Investment, OTC Trading, and NFT Market Making, supported by a proprietary in-house trading platform with a multi-exchange connectivity portal and real-time exposure/PNL/risk monitoring.
The technology platform is organized into four modules — Aggregated Market Connectivity, Exposure/PNL/Risk Monitoring, Strategies Access, and a Seamless User Interface — designed to integrate CeFi and DeFi liquidity and provide institutional-grade execution and reporting. Satori Research generates revenue primarily through transaction fees and spreads from market making and quantitative trading activity, with additional fee streams from OTC trading, VC investment participation, NFT market making, and bespoke research and consulting. Its go-to-market is direct enterprise sales targeting crypto projects, exchanges, and institutional investors, with no publicly disclosed pricing.
Satori Research positions itself as a TradFi-pedigreed firm, citing more than 60 years of combined team experience from J.P. Morgan, Goldman Sachs, and SBI Japan, plus crypto-native experience since 2013 and a dedicated crypto trading desk since 2018. The company completed a Series A funding round in November 2021 with participation from Alameda Research and Alan Howard. The amount raised was not disclosed, and no subsequent funding rounds have been reported.
Satori Research firmographics
Firmographics- Name
- Satori Research
- Legal name
- Satori Research
- Website
- https://satoriresearch.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Satori Research is a Hong Kong-based crypto market maker and algorithmic trading firm providing liquidity, delta-neutral and quantitative strategies, OTC, VC investment, and NFT market making across 30+ centralized and decentralized exchanges. It serves crypto projects, exchanges, and institutional clients.
- Ownership category
- akta.pro rank
Satori Research industry classification
Industry- Product category
- Cryptocurrency Market Making Services
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ)
Keywords
Where Satori Research is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
Satori Research business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Market Making Services: Providing liquidity and efficient market-making services across 30+ exchanges for crypto projects, including tight bid-ask management and market neutral strategies
- Quantitative Strategies: Data-driven quantitative trading strategies with dynamic risk models for institutional clients
- VC Investment: Primary market access and venture capital investment services leveraging extensive track record in the crypto space
- OTC Trading: Over-the-counter trading services with deep market expertise and vast network of global counterparties
- NFT Market Making: NFT minting facilitation, market marking, and other bespoke services for NFT projects
- Research and Consulting: Professional research and consulting services for crypto market participants
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Satori Research product offering
Product offeringCore offering
Satori Research is a cryptocurrency market maker and algorithmic trading firm that provides liquidity, market making, delta-neutral strategies, quantitative trading, OTC trading, NFT market making, and venture capital investment services across 30+ centralized and decentralized exchanges. It serves crypto projects, exchanges, and institutional clients with proprietary in-house trading infrastructure integrating CeFi and DeFi liquidity.
Product overview
Satori Research is a market maker and algorithmic trading firm offering a unified platform combining market making services, quantitative trading strategies, and institutional-grade technology infrastructure. The product portfolio consists of six core services (Market Making, Delta-Neutral Strategies, Quantitative Strategies, VC Investment, OTC Trading, and NFT Market Making) complemented by a four-module technology platform (Aggregated Market Connectivity, Exposure/PNL/Risk Monitoring, Strategies Access, and User Interface). The platform integrates CeFi and DeFi liquidity across 30+ exchanges and trading platforms, providing projects with comprehensive liquidity solutions ranging from primary market investment to secondary market making and treasury management.
Differentiator
Problem solved
Functional benefit
Products and services
- Market Making
Quantifiable outcome
- Top 10 trading volume on tier-1 exchange exceeding $1 billion in 30 days
- +1 more outcomes
Companies that use Satori Research
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles5 records
Satori Research technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature3 records
Satori Research partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Gate.iocoreGate.io is a major cryptocurrency exchange that Satori Research is connected to as a market making partner, enabling trading across the platform.
- KuCoincoreKuCoin is a cryptocurrency exchange that Satori Research provides market making services to, facilitating liquid trading on the platform.
- BybitcoreBybit is a cryptocurrency derivatives exchange that Satori Research is connected to as a market making partner.
- BinancecoreBinance is the world's largest cryptocurrency exchange that Satori Research provides market making services to, enabling deep liquidity and efficient trading.
- BitMartminorBitMart is a cryptocurrency exchange that Satori Research provides market making services to.
- HuobicoreHuobi is a major cryptocurrency exchange in Asia that Satori Research provides market making services to.
- Crypto.comcoreCrypto.com is a cryptocurrency exchange and financial services platform that Satori Research provides market making services to.
- BitfinexcoreBitfinex is a cryptocurrency exchange that Satori Research provides market making services to, facilitating trading activities on the platform.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Satori Research competitors and assessment
Company assessmentDirect peers
- Cumberland (DRW Trading): Cumberland is a crypto market maker and OTC liquidity provider from DRW, offering algorithmic and high-touch trading across major exchanges — a direct peer competing for institutional flow and token issuance mandates.
- GSR Markets: Crypto-native market maker and trading firm providing liquidity across centralized and decentralized exchanges with options, structured products and algorithmic strategies — an apples-to-apples peer to Satori's market making and quant strategy stack.
- Wintermute Trading: One of the largest institutional crypto market makers and liquidity providers globally, delivering algorithmic market making, OTC and DeFi strategies across CEX and DEX venues — directly comparable to Satori Research's core offering.
- Amber Group: Hong Kong-headquartered crypto market maker and digital asset financial services firm providing liquidity, derivatives, structured products and yield — directly overlaps with Satori's Asia-anchored market making and quant strategy offering.
- B2C2: Institutional crypto liquidity provider offering OTC, market making and electronic trading across venues; comparable to Satori in serving exchanges, funds and project treasuries with deep liquidity and quant strategies.
- Jump Crypto: Institutional crypto trading and market making arm of Jump Trading, providing liquidity, DeFi support and on-chain market structure — competes with Satori for tier-1 exchange market-making mandates and token issuer relationships.
- Alameda Research: Defunct quantitative crypto trading firm and liquidity provider that was Satori Research's Series A investor; historically a direct market-making peer with similar OTC, market-neutral and proprietary trading focus, now in bankruptcy.
Broad incumbents
- Flow Traders: Established global electronic liquidity provider in ETPs and now expanding into crypto market making — a larger incumbent with overlapping capability but a much broader, multi-asset operating model compared with Satori's crypto-specialized focus.
- Galaxy Digital: Public, full-service crypto financial services firm offering trading, market making, asset management and investment banking — overlaps with Satori on market making but operates a much broader platform than Satori's market-making/algorithmic-trading core.
- Tower Research Capital: Established high-frequency trading firm now active in crypto market making across exchanges — a traditional HFT incumbent bringing balance sheet and infrastructure to compete with Satori in crypto liquidity provision.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Satori Research social profiles
Digital presenceSatori Research financial estimates
Financial estimateRevenue estimate
Valuation estimate
Satori Research leadership team
Management profileNumber of profiles
Satori Research funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Satori Research M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Satori Research
What does Satori Research do?
Satori Research is a cryptocurrency market maker and algorithmic trading firm that provides liquidity, market making, delta-neutral strategies, quantitative trading, OTC trading, NFT market making, and venture capital investment services across 30+ centralized and decentralized exchanges. It serves crypto projects, exchanges, and institutional clients with proprietary in-house trading infrastructure integrating CeFi and DeFi liquidity.
Is Satori Research a public or private company?
Satori Research is a private company. It is classified as venture growth investor backed and is currently operating.
When was Satori Research founded?
Satori Research was founded in 2020. It employs 11 to 50 people.
Where is Satori Research based?
Satori Research is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Satori Research make money?
Six revenue lines are on record. Market Making Services are the primary driver. The others are quantitative Strategies, VC Investment, OTC Trading, NFT Market Making and research and Consulting.
Who are Satori Research's main competitors?
Direct peers on record are Cumberland (DRW Trading), GSR Markets, Wintermute Trading, Amber Group, B2C2, Jump Crypto and Alameda Research. Broad incumbents are Flow Traders, Galaxy Digital and Tower Research Capital.
Does Satori Research have an API?
No public API is recorded for Satori Research.
What industry is Satori Research in?
Satori Research's product category is Cryptocurrency Market Making Services. Its primary akta.pro industry code is FSACANAJ, Crypto-Digital Asset Market Making (Spot & Derivatives). Its NAICS code is 523 and its SIC code is 6200.