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What Happens to Crypto if Market Makers Dissapear?

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 27 February 2026

⏱️ 24 minutes

🧾️ Download transcript

Summary

Industry leaders from Auros, GSR, and Selini take the stage Consensus Hong Kong to dismantle the "evil" market maker narrative and explain their role as a defense against catastrophic volatility. Leaders from market makers took the stage at Consensus Hong Kong to dismantle the "evil" market maker narrative that dominates social media. In this candid panel, Auros Chief Commercial Officer, Jason Atkins, GSR’s Managing Director and Head of APAC and EMEA Sales, Chuan Jin, and Selini’s CEO and Founder, Jordi Alexander, explain why market makers are the primary defense against catastrophic volatility rather than the cause of it.

Transcript

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0:00.0

Okay, we have a full house for market makers.

0:20.0

So market makers, everyone has about them an opinion, but often that is not true.

0:26.4

And to try and explain, you know, what market makers are, we have three of them right here on stage.

0:32.7

So Jason, we'll start with you.

0:34.7

You know, introduce yourself and explain in your mind like what market

0:38.1

makers do. Thanks, Sam. Hey, everyone. I'm Jason Atkins. I'm Chief Commercial Officer of ORIS. We're a global

0:44.2

market maker, liquidity provider, high frequency trading firm founded in Hong Kong in 2017. We've been

0:50.4

around for a little while. We trade on dozens of venues providing liquidity on centralized

0:54.0

exchanges, decentralized exchanges working with all of the partners that require liquidity to maintain their best in class product.

1:01.2

We work with dozens of project teams as well, providing liquidity to early stage token launches.

1:06.0

We also have a growing OTC desk that provides liquidity to foundations, venture capital firms, liquid

1:11.9

funds, other investors that are looking to participate in crypto markets. So liquidity is really

1:15.9

at the core of what we do and what we understand. And here today to talk about some of the

1:20.9

misconceptions about what providing liquidity means and how we can clear some of that up. And

1:24.9

I think the market will be better for understanding why liquidity is so important.

1:28.8

Okay, CJ, you're next.

1:30.4

Yeah, sure.

1:31.1

My name is CJ.

1:31.8

Thanks for having me here today.

1:33.4

I run Asia for GSR.

1:36.2

GSR is the oldest market maker in crypto.

1:38.6

We're actually founded in 2013.

...

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