Coinwatch unveils tool to let crypto projects monitor market makers’ activity in real time

Coinwatch, a blockchain analytics team led by industry veterans, including CoinList co-founder Brian Tubergen and former Head of Financial Products Matthieu Jobbe-Duval, has launched Coinwatch Track, a tool that lets crypto projects monitor their market makers in real time using API keys and trusted execution environments (TEEs).

https://twitter.com/coinwatchdotco/status/1947326598245441696?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

The system provides projects with instant visibility into market maker trading activities, including depth, spread, and volume data across different crypto exchanges. Through TEEs, the platform securely processes market maker API keys while adhering to strict privacy and security protocols.

Twelve market makers have integrated with Coinwatch Track, including Amber, Galaxy, GSR, IMC Trading, and Keyrock. The platform enables projects to monitor order book position, token holdings, and the active trading status of their market makers.

https://twitter.com/coinwatchdotco/status/1947326608446022091?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

The service addresses common monitoring challenges faced by crypto projects, including visibility into order book composition and market maker participation levels. Using TEEs, Coinwatch Track processes sensitive API data without directly accessing market makers’ keys, creating a secure environment for data verification.

Coinwatch says it is actively expanding its network of integrated market makers.