> For the complete documentation index, see [llms.txt](https://czrex.gitbook.io/czrex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://czrex.gitbook.io/czrex-docs/czr-institutional-and-market-maker-program.md).

# CZR Institutional and Market Maker Program

CZR Institutional provides eligible companies, funds, professional traders, liquidity providers, and market makers with access to enhanced onboarding, account services, APIs, liquidity programs, and relationship support.

Institutional services are subject to approval, jurisdictional availability, compliance review, and written commercial terms where applicable.

### Institutional Accounts

Eligible institutional clients may receive:

* Corporate onboarding
* Subaccount structures
* Professional API access
* Higher operational limits
* Customized reporting
* Dedicated relationship support
* Tailored fee arrangements
* Liquidity and execution support
* Access to eligible institutional products

Benefits are not automatic and may vary by client.

### Institutional Onboarding

Institutional applicants may need to provide:

* Certificate of incorporation
* Constitutional documents
* Registered and business addresses
* Ownership and control structure
* Ultimate beneficial owner information
* Director and officer identification
* Authorized-trader information
* Regulatory status
* Business activity
* Source-of-funds information
* Account-use expectations
* Board resolution or authorization

CZR may request additional information during onboarding or ongoing account review.

### Subaccounts

Subaccounts may help institutions separate:

* Trading strategies
* Internal teams
* Operational functions
* Asset balances
* API credentials
* Risk limits
* Reporting

Institutions remain responsible for controlling authorized users, API keys, transfers, and internal access.

### API Connectivity

Institutional clients may use CZR APIs for:

* Real-time market data
* Order management
* Spot trading
* Futures trading
* Account monitoring
* Balance information
* Reporting
* Eligible transfers
* Subaccount management

Institutions should use separate API keys for separate systems, enable only required permissions, and apply IP restrictions where supported.

### Market Maker Program

The CZR Market Maker Program is intended for approved professional liquidity providers capable of maintaining consistent and competitive markets.

Potential benefits may include:

* Preferential maker fees
* Higher API rate limits
* Dedicated technical support
* Relationship management
* Access to approved liquidity programs
* Performance-based commercial terms

Every benefit is subject to the applicable program rules or written agreement.

### Eligibility

CZR may evaluate applicants based on:

* Trading history
* Technical infrastructure
* Capital and inventory
* Risk-management systems
* Market coverage
* Order-book performance
* Regulatory status
* Team experience
* Compliance history
* References
* Expected trading activity

Meeting minimum requirements does not guarantee approval.

### Performance Standards

Market-maker performance may be evaluated using:

* Quoted spread
* Order-book depth
* Uptime
* Two-sided quoting
* Market coverage
* Order-to-trade behavior
* Performance during volatility
* Compliance with trading rules

Requirements may vary by asset, trading pair, venue, or commercial agreement.

### Market Integrity

Institutions and market makers must not engage in:

* Wash trading
* Spoofing
* Layering
* Misleading matched orders
* Artificial volume
* Manipulative self-trading
* Price manipulation
* Misleading liquidity
* Coordinated market abuse
* Misuse of confidential information

CZR may monitor, investigate, restrict, suspend, or terminate participation when misconduct or material risk is identified.

### Token Projects and Liquidity

Token projects may be required to demonstrate appropriate liquidity planning before or after listing.

Payment, token provision, or market-making arrangements do not guarantee:

* Listing
* Continued listing
* Liquidity
* Trading volume
* Price performance
* Promotion
* Market-maker approval

### Institutional Security

Institutions should maintain:

* Role-based access controls
* Strong identity verification
* Hardware-backed authentication
* Withdrawal allowlists
* API IP restrictions
* Segregated credentials
* Transaction-approval policies
* Regular access reviews
* Incident-response procedures

### Applying

Applications must be submitted through an official CZR institutional or market-maker channel.

Never transfer onboarding funds or token inventory to an address received through an unverified direct message.

### Risk Notice

Institutional or market-maker status does not eliminate market, technology, custody, liquidity, operational, legal, or regulatory risk.

Institutions remain responsible for independent due diligence, internal controls, account security, and compliance with applicable requirements.