When the Maker Exchange announced its access to the CoinSafe Cloud liquidity pool, the bid-ask spread of the Sudanese Pound (SDG) against the USDT plummeted from 11% to 1.7% - a liquidity revolution in Africa's crypto market that reveals the Emerging Exchanges' Rules of Survival Against the Giants.

A Desert Oasis of Liquidity

In the African market, 90% of local exchanges died due to a lack of liquidity. When Maker Exchange built its own system in the early days, the spread between SDG/USDT was often more than 20% until it was connected to the CoinAnswer Cloud Deep Pool. Data shows:

Pending order thickness increased by 400 times, supporting a single $500,000 transaction

Settlement latency compressed from 17 seconds to 0.8 seconds

Number of arbitrage bots surged by 230%, driving market efficiency

"It's not a compromise, it's a tactic. " CTO explains, “Use CoinSafe Cloud to feed local African liquidity, and then use the profits to feed the self-built system.” Its self-developed engine is now capable of independently processing a daily average of $70 million in transactions.

Liquidity colonization and anti-colonization

This “parasitic-growth” model carries risks. When CoinCloud temporarily adjusted its rates in March 2024, Maker Exchange's SDG trading volume plummeted by 58%. The team initiated alternatives overnight:

1. access the OTC pool of market maker Wintermute

2. open community liquidity mining, with MAKER tokens to incentivize pending orders

3. Reach an algorithmic docking with local black market forex dealers

Spreads recovered to 2.3% within 48 hours, and average daily trading volume exceeded the pre-crisis level by 23%.

Dual-engine drive in the Asia-Pacific battlefield

“When Asia-Pacific opens in late June, we will simultaneously launch the CoinSafe Cloud + Self-Research System dual channel.” The CEO revealed that fiat currency pairs such as Singapore Dollar (SGD) and Indonesian Rupiah (IDR) have already passed the stress test:

Self-developed system handles small, high-frequency retail transactions

CoinSecure Cloud takes on large-value orders from institutions

Dynamic routing algorithms automatically distribute traffic based on market fluctuations

This hybrid architecture is attracting This hybrid architecture is attracting local exchanges in Southeast Asia to join. Malaysian crypto platform Coinx has signed an agreement to plug its liquidity pool into the Maker system. When asked if he was worried about over-reliance on Coinx, the CTO showed a set of data: the liquidity share of the self-built system has increased from 5% in the initial period to 37%, “In Jakarta, we want to replicate Khartoum's reversal”.