Information Required of Brokers and Dealers (Form X-17A-5)

Report for the Period Beginning	01-01-2025
and Ending	12-31-2025
Type of Registrant	Broker-dealer
	OTC derivatives dealer

Material Weakness
Does this submission include an accountant's report covering the compliance report that indentifies one or more material weaknesses?	Yes No

Name of Broker-dealer

LEVEL MARKETS, LLC

Address of Principal Place of Business (Do not use P.O. Box No.)

Address 1	10 POST OFFICE SQUARE
Address 2	14TH FLOOR
City	BOSTON
State/Country	NEW YORK
Mailing Zip/ Portal Code	02109

Name and Telephone Number of Person to Contact in Regard to this Report

Name	Michael Stupay
Telephone Number	617-904-3749

Independent Public Accountant

Name - if individual, state last, first, and middle name	WithumSmith Brown PC
Address 1	200 Jefferson Park
City	Whippany
State/Country	NEW JERSEY
Mailing Zip/ Postal Code	07981
Check One	Certified Public Accountant Certified Public Accountant not resident in United States or any of its possessions

Oath or Affirmation

I, Michael Stupay, swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of LEVEL MARKETS, LLC, as of 12-31-2025, are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

Signature	Michael Stupay
Title	CFO and Financial and Operations Principal

Notary Public

Checking this box acknowledges that this oath or affirmation has been notarized.