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CoinDesk Podcast Network

What October 10th Revealed About Market Makers

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 Ratings

🗓️ 23 February 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

Auros CCO Jason Atkins defends the essential role of market makers in stabilizing institutional capital and evaluates Hong Kong’s strategic position as the bridge between global liquidity markets. Auros CCO Jason Atkins joined CoinDesk Live at Consensus Hong Kong to debunk the "evil" market maker narrative, arguing that liquidity providers are the primary defense against catastrophic volatility. Atkins explains how recent market dislocations exposed the risks of a system without market makers, where absent liquidity makes assets uninvestable for pension funds and major institutions. He highlights the growing competition between centralized exchanges and on-chain venues like Hyperliquid, while detailing why Hong Kong is destined to "run back the playbook" as the definitive gateway for Western capital to access Eastern markets. - This episode was hosted live by Sam Ewen and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.

Transcript

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0:00.0

All right, we are back here on the floor at Consensus Hong Kong.

0:11.9

I'm Sam Ewan, alongside Will Foxley.

0:14.4

Joining us right now, Jason Atkins, chief commercial officer at the global trading firm

0:18.6

and liquidity provider, Oroz.

0:20.6

Jason, great to see you again. Thank you for having me again. Yeah, first of all, thank you for being a partner to consensus, now a second year in a row. It's been really wonderful having you guys here. What's your sense of the show, the vibes, and the feeling around Hong Kong specifically? I mean, it's consensus in Hong Kong last year was incredible. A lot of anxiety from a lot of people about this year because market conditions,

0:40.5

but honestly it's exceeded expectations already today.

0:43.6

Fantastic setup, fantastic sponsors, I think, around the place.

0:47.8

Last year was so good that it encouraged us to sponsor main stage

0:50.2

and make sure that our presence in the city was known.

0:52.8

Hong Kong's a very close part of my heart.

0:55.6

I've been here 13 years, and our firm has over 50 staff now in the city

0:59.0

and really supportive of what Hong Kong is doing to embrace the digital asset industry.

1:04.4

Jason, your panel today is titled Our Market Makers Evil.

1:09.2

In like 30 seconds, what's the answer?

1:11.7

Yes or no?

1:13.1

The answer is no.

1:14.1

Market makers are not evil.

1:15.1

I think to flip the script a little bit,

1:18.2

if you look at a recent event, October the 10th,

1:21.3

where a lot of market dislocation and volatility happened,

1:24.5

a lot of people took away from that that,

1:25.9

oh, market makers caused it, or market makers are evil.

...

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