If you are thinking about launching a crypto exchange or are already developing a platform, one of the most critical tasks is to ensure reliable and stable liquidity. Many people underestimate the importance of choosing a liquidity provider, but in vain. The speed of order execution, spreads and overall quality of trading directly depend on it.

I spent a lot of time before I realized how important the right approach is. The article on merehead was very helpful - it covers all the key points: what models there are (A-book, B-book, hybrid), how the connection works, what legal and technical aspects to consider. The part about multi-LP systems is especially useful, which allow you not to depend on one source of liquidity and balance between different providers in real time.