What Do Crypto Market Makers Actually Do? | Jason Atkins, Auros | Insider Take Ep 14

"Every time you place a crypto trade, a market maker is probably on the other side. I sat down with Jason Atkins, chief commercial officer at Auros, one of the lead sponsors at TOKEN2049, to break down what market makers actually do, what a Fed rate hike does to crypto liquidity, whether ETF flows are a real signal, why the Clarity Act stalling might not be all bad, and why he thinks 24/7 trading is the most overrated narrative in crypto. IN THIS EPISODE • Conference season and Jason's path from FX trading to Auros • Joining crypto right before the 2022 crash, and why that helped • What a market maker does, explained simply • What a Fed rate hike does to spreads, flows and risk appetite • Are ETF flows a real barometer of institutional money? • The Clarity Act, the SEC and the CFTC: his contrarian take • Why the next regulatory battle is about liquidity, not licenses • Why markets haven't gotten deeper, and the Hyperliquid effect • What thin order books do to a mid-cap token • Rapid fire, a prediction for Q1 2027, and the new Aurora platform CHAPTERS 00:00 Intro 01:02 Conference season and Jason's path to Auros 03:29 Joining crypto right before the 2022 crash 06:47 What a market maker does, explained simply 09:55 What a Fed rate hike does to crypto markets 12:20 Are ETF flows a real barometer? 16:07 The Clarity Act and US regulators 20:09 Why liquidity is the next regulatory battleground 22:14 Why markets haven't gotten deeper 24:50 Perps, spot and the Hyperliquid effect 26:37 What thin order books do to a token 28:27 What has to change before depth arrives 31:18 Finish the sentence and rapid fire 33:11 A prediction for Q1 2027 35:43 Auros' new trading platform, Aurora 38:00 Closing words GUEST AND LINKS Jason Atkins, chief commercial officer, Auros Auros: https://auros.global Insider Take is Keeping Up With Crypto's founder interview show, powered by Block Insider. MORE FROM US Keeping Up With Crypto: subscribe for founder interviews and weekly crypto, RWA and Web3 explainers. Block Insider: https://blockinsider.com Hashcut, the studio behind the show: https://hashcut.xyz Want to be a guest on Insider Take? Email varuni@blockinsider.com Figures are as stated by the guest in the interview and have not been independently verified. This video is for information only and is not financial or investment advice. #MarketMaking #CryptoTrading #Liquidity" Jason Atkins, Auros, market maker, crypto market maker, what do market makers do, liquidity, crypto liquidity, order book, Fed rate hike crypto, Bitcoin ETF flows, Clarity Act, SEC, CFTC, Hyperliquid, perps, tokenized equities, OTC trading, Insider Take, Keeping Up With Crypto, Varuni Trivedi