What Is the Typical Fill Rate Benchmark for Competitive Crypto Options Market Makers?

There is no single universal benchmark, as fill rates vary significantly based on the option's liquidity, volatility, and the specific RFQ platform's structure. However, a highly competitive market maker often aims for a consistent, moderate fill rate (e.g.

15-30%) that balances volume capture with prudent risk management. Extremely high rates can signal aggressive, potentially unprofitable pricing.