What Market Makers Actually Do in Crypto and DeFi

What Market Makers Actually Do in Crypto and DeFi

From Let's Talk Cardano by Cardano Foundation

March 22, 2026 · 58 min

About this episode

The episode discusses the role of market makers in crypto and DeFi with insights from Jonathan Mathai.

Join us as we speak with Jonathan Mathai, Director at G20 Strategies, about what market making really means in crypto and DeFi. This episode covers how liquidity is provided across centralized and decentralized markets, the differences between AMMs and order books, and how firms manage risk, yield, and exposure across volatile assets. Jonathan also shares insights on market structure, institutional participation, AI-driven trading tools, and what is needed for crypto markets to become more re...

People in this episode

Host: Cardano Foundation

Guest: Jonathan Mathai

Topics covered

  • market making
  • crypto
  • DeFi
  • liquidity
  • risk management
  • AI-driven trading

Keywords

  • market making
  • crypto markets
  • DeFi
  • liquidity
  • AMMs
  • order books
  • risk management
  • institutional participation

Mentioned in this episode

Organizations: G20 Strategies

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