Principal Market Making
PMM
A loan-plus-call-option structure with live, transparent performance metrics — aligning incentives between issuer and market maker.
MiCA-licensed Crypto-Asset Service Provider
Institutional liquidity,
engineered for precision.
Acheron Europe B.V. delivers institutional-grade API liquidity, market making and managed execution for digital asset venues — regulated by the Dutch Authority for Financial Markets (AFM).
What we do
Market making, built for institutions
A boutique desk offering structured liquidity programs and execution infrastructure for exchanges, issuers and institutional clients.
Designated Market Making
DMM
Contractual monthly fees combined with performance sharing, providing predictable, accountable liquidity provision on your venue of choice.
Managed Execution
Agency
Automated, agency-model execution tailored to institutional clients who need disciplined, low-footprint access to digital asset markets.
How we work
From due diligence to live liquidity
A structured onboarding path designed for regulated, institutional counterparties — built for clarity at every step.
01
Due diligence
KYB/AML review, counterparty onboarding and regulatory alignment before any commercial terms are agreed.
02
Structuring
We design the liquidity program — PMM, DMM or managed execution — around your venue, token and risk profile.
03
Integration
Our API liquidity infrastructure connects to your venue with live monitoring from day one.
04
Ongoing reporting
Transparent, live performance metrics and regular reporting throughout the life of the engagement.
About Acheron
A boutique desk, backed by a global network
Acheron Europe B.V. is the European regulated entity of the Acheron ecosystem, a global market-making group. We provide institutional API liquidity and a boutique trading desk to exchanges, token issuers and institutional counterparties across the digital asset industry.
Headquartered in Amsterdam and authorized under the EU's Markets in Crypto-Assets Regulation (MiCA), Acheron Europe combines regulatory rigor with the technical depth of a market-making specialist.
- Legal nameAcheron Europe B.V.
- HeadquartersAmsterdam, Netherlands
- Parent ecosystemAcheron Trading
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Coverage
Markets we serve
Liquidity and execution infrastructure across the instruments and venues institutional counterparties rely on.
Spot markets
Continuous two-sided quoting across major and long-tail token pairs.
Derivatives
Perpetuals and futures liquidity for listed and pre-launch instruments.
OTC & block trades
Discreet, negotiated execution for large size with minimal market impact.
Tokenized assets
Market making support for issuers bringing tokenized assets to market.
Regulation & trust
Regulated, transparent, accountable
Regulator
Dutch Authority for Financial Markets (AFM)
License
MiCA Crypto-Asset Service Provider (CASP)
Authorization date
May 27, 2025
Jurisdiction
Netherlands, European Union
Acheron Europe B.V. operates under the supervision of the AFM as an authorized Crypto-Asset Service Provider under MiCA. This site does not constitute financial advice or a solicitation to trade. Services are offered exclusively to eligible institutional and business counterparties.
Questions
Frequently asked questions
Who can work with Acheron Europe?
Our services are available exclusively to eligible institutional and business counterparties, including exchanges, token issuers and institutional trading desks. We do not offer retail services.
What is the difference between PMM and DMM?
Principal Market Making (PMM) uses a loan-plus-call-option structure with live performance metrics. Designated Market Making (DMM) is fee-based with performance sharing under a defined service agreement.
Is Acheron Europe regulated?
Yes. Acheron Europe B.V. is authorized by the Dutch Authority for Financial Markets (AFM) as a Crypto-Asset Service Provider (CASP) under MiCA, effective May 27, 2025.
How long does onboarding take?
Timelines depend on the complexity of the engagement and due diligence requirements. Most institutional onboarding processes are completed within a few weeks.
Get in touch
Let's talk liquidity
Institutional and business inquiries only. We typically respond within one business day.