Cicada MM
- Founded
- 2019-01-01 in Dubai, United Arab Emirates
- Headquarters
- Dubai, United Arab Emirates
Cicada Market Making (Cicada MM) is a Dubai-based provider of algorithmic market making, liquidity provisioning, and exchange strategy services tailored for Web3 projects. Founded by Maxim Moris (Motin) and Andrejs Rozenfelds, the company acts as a one-stop service partner for early-stage, mid-cap, and established blockchain projects, offering support from token launch through exchange listing and post-market growth. Cicada claims to manage over $100 million in assets under management (AUM) across more than 60 active clients, operating on both centralized (CEX) and decentralized (DEX) exchanges. Its service suite includes algorithmic market making with up to $1 million in liquidity per project, marketing and advisory services, listing support, tokenomics and smart contract audit assistance, and an over-the-counter (OTC) trading desk for large, discreet trades. The team comprises over 50 experienced quants, traders, and marketing professionals. Cicada differentiates itself through transparency, offering clients a detailed dashboard with full visibility into operations, and by emphasizing long-term partnerships tied to profit-sharing from trading activities. The company is privately held and headquartered in Dubai, United Arab Emirates.
Detailed Review
Cicada Market Making positions itself as an integrated market execution layer for cryptocurrency projects, bridging the gap between technology and market adoption. The company’s core offering is algorithmic market making, where proprietary trading bots provide continuous liquidity and price stability across exchanges. These bots execute trades in microseconds and support arbitrage strategies (inter-exchange and CEX-DEX) that generate returns shared with clients.
Beyond pure market making, Cicada provides a range of complementary services designed to support a token’s full lifecycle: - Marketing & Advisory: In-house agency handles KOL campaigns, content marketing, and digital strategy to increase market penetration. - Listing Support: Leverages relationships with exchanges to prepare projects for listing on leading trading platforms. - Tokenomics & Audit: Conducts smart contract audits and proposes listing strategies based on exchange trend analysis, including risk management frameworks. - Networking: Connects clients with partners, investors, and other ecosystem players. - OTC Desk: Facilitates large off-exchange trades with deep liquidity and flexible settlement through a partner network.
Cicada claims to work with over 60 active clients and to have supported more than 1,000 projects in some capacity since its founding. The team of 50+ quants and traders is spread across Dubai and potentially other locations. The company emphasizes transparency with a client-facing dashboard that shows real-time performance metrics and fees. Pricing starts at $3,500 per month and scales based on service scope.
Cicada MM is not to be confused with the identically named but unrelated fixed-income trading platform Cicada (cicada.io), which raised a $13.5 million Series A in 2025 for Latin American bond trading. The crypto market-making entity does not publicly disclose its founding year, but CEO Maxim Moris mentions six years of personal experience in the space. The company appears to have no outside venture funding, operating as a privately owned, bootstrapped business.
Key Products
Algorithmic Market Making
High-frequency, low-latency algorithms designed to maintain tight spreads and stable order-book depth across centralised and decentralised exchanges. Cicada commits up to $1 million in liquidity per project.
Liquidity Provisioning & Token Performance Monitoring
Continuous monitoring of token liquidity and trading volumes with real-time dashboards for clients.
Exchange Listing Strategy
Guidance and preparation for token listings on major exchanges, including documentation, timing, and compliance.
Growth Marketing & KOL Campaigns
In-house agency that runs influencer (KOL) campaigns, content marketing, and digital promotion.
OTC Trading Desk
Off-exchange execution for large block trades, with access to deep liquidity through a partner network.
Tokenomics & Smart Contract Audit
Advisory on token design and audit support based on exchange trends and risk management frameworks.
Tokenomics & Smart-Contract Audit
Review of token economic models and smart-contract code, coupled with listing strategy based on exchange-trend analysis.
Advisory Services
Strategic consulting on market penetration, analytics, and optimisation aligned with business objectives.
Liquidity Provisioning
Continuous token performance monitoring and liquidity support across major CEXs and DEXs.
Tokenomics & Audit
Smart contract audits, tokenomics design, and risk management frameworks aligned with exchange requirements.
Offices & Headcount
125 employees (approx.)
Key Persons
- Andrejs Rozenfelds
Co-Founder & COO
Maxim MorisCo-Founder & CEO