LATOKEN

LATOKEN is a centralised exchange running since 2017 that matches on an order book across spot, derivatives and fiat channels, and provides issuance and market making for early projects. Its listing process is relatively open, so long tail assets are plentiful, and its interfaces and sub account structure serve quantitative teams, with matching, clearing and risk running in one system.

Within the exchange landscape it sits on the long tail liquidity side, where the discussion centres on listing standards and asset screening. The spot and derivatives line up, the countries covered by fiat on ramps, institutional sub accounts and the published order book documentation are all checkable. Matching follows price then time priority, thin pairs are topped up by market making accounts, projects apply for listing through a separate channel reviewed on a schedule, and fees tier by account level.