The Block Research&Auros ：2025数字资产做市底层逻辑深度分析报告（英文版）（25页）.pdf

1、Foundations of Digital Assets Market MakingTHEBLOCK.COCOMMISSIONED BY1Foundations of Digital Assets Market MakingFoundations of Digital Assets Market MakingTHEBLOCK.COTHEBLOCK.COCOMMISSIONED BYCOMMISSIONED BY23The Block Pro is The Blocks premium product portfolio designed to help institutions evalua

2、te opportunities in digital assets.Pros research,news,and data products are powered by teams of subject matter experts deeply entrenched in the digital asset ecosystem who deliver actionable intelligence so businesses can make informed decisions.The Block Pro Research produces research content cover

3、ing the digital assets,fintech,and financial services industries.Contact Email:researchtheblock.co X:TheBlock_Auros is a leading global market-making and algorithmic trading firm founded by seasoned industry veterans with over 20 years of experience.Auros executes billions in daily notional turnover

4、,leveraging advanced liquidity solutions to stabilize markets and foster growth across the digital asset ecosystem.Beyond its trading expertise,Auros offers a suite of tailored services to support token projects throughout their lifecycle,including its distinctive Strategic Market Making service,DeF

5、i and on-chain engineering solutions,bespoke OTC execution,and strategic investment support.These capabilities empower Auros partners to confidently navigate the complexities from TGE to growth and beyond.For more information about the company,please visit http:/auros.global.RESEARCHED BYSPONSORED B

6、YACKNOWLEDGEMENTS LEAD AUTHORWe would like to thank Auros for commissioning this research report.We would also like to thank everyone at The Block who assisted with this report-design team:Michael Elshahat;research team:Edvin Memet and Rebecca Stevens.We are also grateful to the Auros team that shar