What Time Research does

Time Research is a quantitative trading firm founded in 2019 by a team of traditional finance and crypto trading veterans. The firm operates as a principal trading entity and Designated Market Maker (DMM) on high-volume crypto exchanges, executing over $2B in average daily trading volume across more than 15 crypto trading venues globally. Its multi-strategy platform spans liquidity provision, market making, statistical arbitrage, systematic long/short, DeFi strategies, and direct external investments, designed to generate uncorrelated returns across digital asset markets.

The firm's core technology is a self-built, low-latency trading infrastructure with nanosecond-level risk management capabilities. Time Research designs and operates its own high-performance trading systems, large-scale data analysis platforms, and compute farms, giving it end-to-end control of its technology stack. This infrastructure enables the firm to quote tighter and deeper markets and maintain limit orders during periods of extreme volatility — a key differentiator in market-making. The firm operates across both CeFi and decentralized exchanges, providing day-1 bootstrapped deep limit orders on AMMs, DEXs, and centralized venues.

Time Research monetizes through three primary revenue streams: principal trading P&L generated from bid-ask spreads, market inefficiencies, and directional positions; Liquidity as a Service (LaaS) fees from token projects and exchanges seeking liquidity bootstrapping; and token project advisory and investment income, leveraging market microstructure expertise. The firm serves two primary customer segments: token projects requiring market-making and liquidity provisioning at launch, and crypto exchanges needing DMM services and deep order books. The firm maintains a deliberate low-profile commercial posture, with no public marketing presence and direct enterprise relationships as its primary go-to-market motion.

Name

Time Research

Legal name

Time Research

Website

https://timeresearch.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Time Research is a quantitative trading firm founded in 2019 that operates as a principal market maker across 15+ crypto exchanges, providing multi-strategy trading, Liquidity as a Service, and token advisory services to token projects and crypto exchanges globally.

Ownership category

akta.pro rank

Product category

Quantitative Crypto Trading & Market Making

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Quant Research & Systematic Strategies (FSACAGAF)

akta.pro secondary industry

Commodities Research (FSACAGAE)

Keywords

• Quantitative trading services
• Crypto market making
• Liquidity provision
• Designated market maker
• Low-latency trading infrastructure

Headquarters

HQ city

Mahé

HQ country

Seychelles

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. Principal Trading: Time Research trades principal capital using proprietary quantitative strategies across digital assets, generating returns through liquidity provision, market making spreads, statistical arbitrage, and systematic long/short positions. Revenue is generated from the bid-ask spread, market inefficiencies, and directional trading positions.
2. Liquidity as a Service (LaaS): Market-making services provided to token projects and crypto exchanges on CeFi and DeFi platforms. Provides day-1 bootstrapped deep limit orders on AMMs, DEXs, and centralized exchanges. Revenue likely generated through service fees or revenue-sharing arrangements with projects and exchanges.
3. Token Project Advisory and Investment: Advises, invests, and helps build token projects utilizing extensive market microstructure knowledge. Revenue generated from advisory fees, equity stakes, and token investments.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Time Research is a quantitative trading firm that trades principal capital and operates as a Designated Market Maker (DMM) across centralized and decentralized crypto exchanges, making deep markets and facilitating price discovery in digital assets. It offers multi-strategy quantitative trading (liquidity provision, market making, statistical arbitrage, systematic long/short, DeFi strategies) alongside a Liquidity as a Service (LaaS) line that bootstraps deep limit orders for token projects on AMMs, DEXs, and centralized exchanges, plus token project advisory and investment services.

Product overview

Time Research is a quantitative trading firm that operates as a unified multi-strategy platform offering core trading services and liquidity solutions. The primary offering is its Multi-Strategy Quantitative Trading system, which encompasses various trading strategies including liquidity provision, market making, statistical arbitrage, systematic long/short, and DeFi strategies. This core platform is complemented by Designated Market Maker (DMM) Services on crypto exchanges, and a supplementary module called Liquidity as a Service that provides market-making for token projects on both CeFi and DeFi venues. The product suite also includes Token Project Advisory services, enabling the firm to advise, invest, and help build token projects using their market microstructure expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Strategy Quantitative Trading

Quantifiable outcome

• Over $2B average daily trading volume
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Extensive Network of Affiliates and PartnerscoreOthersTime Research maintains an extensive network of affiliates and partners who are OGs (original pioneers) in the crypto space. These partnerships support their Liquidity as a Service offerings by enabling access to deep networks for token project introductions and collaborative market-making arrangements. While no specific partner names are disclosed, the company describes these partners as industry veterans similar to themselves.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• B2C2: Institutional crypto liquidity provider offering principal market making and OTC trading across major venues. Overlaps with Time Research on DMM services and large-block liquidity provision.
• GSR: Crypto-native market maker and liquidity provider offering trading across CeFi and DeFi venues alongside advisory and structured product services. Direct competitor in token project liquidity bootstrapping.
• Wintermute: One of the largest crypto-native market makers and liquidity providers, offering similar CeFi/DeFi liquidity services to token projects and exchanges. Directly comparable on product, customer base (token projects, exchanges), and multi-strategy approach.
• Jump Crypto: Crypto arm of Jump Trading, operating as a major liquidity provider, market maker, and investor across digital assets. Comparable on DMM services, principal trading scale, and DeFi market making.
• Cumberland (DRW): Cumberland is the digital assets trading arm of DRW, one of the world's largest proprietary trading firms. It provides liquidity across hundreds of digital assets on major venues, making it a close analog to Time Research's principal trading and market-making business.

Broad incumbents

• Tower Research Capital: Quantitative trading firm with deep expertise in low-latency market making across global venues. Comparable on proprietary trading infrastructure and high-frequency market-making approach, though with a more traditional focus.
• Citadel Securities: Global market maker across equities, options, and digital assets. Adjacent peer given its scale in principal trading and market making, though vastly larger and broader than Time Research.
• Flow Traders: Publicly listed global liquidity provider with significant digital asset trading operations. Comparable as a multi-strategy, technology-driven market maker, though broader in scope across traditional and crypto markets.
• Hudson River Trading: Large, well-capitalized quantitative trading firm with proprietary low-latency technology. Comparable on the technology/quant DNA and principal trading model, though primarily traditional markets with growing crypto exposure.

Emerging players

• Folkvang: Crypto-native proprietary trading firm and market maker with CeFi/DeFi coverage. Smaller and more crypto-specialized than Time Research but operating in an overlapping niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/timeresearch_
• LinkedInlinkedin.com/company/time-research

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Time Research