Dr Hui Gong discusses challenges and solutions for crypto market makers at Financial Times Live

Dr. Hui Gong, a distinguished academic from the UCL Institute of Finance & Technology, shared his insights into the evolving challenges faced by market makers in the crypto industry at the prestigious Financial Times Live’s Crypto and Digital Assets Summit. The summit, now in its third edition, convened as Bitcoin reached record highs, rekindling optimism across the digital asset landscape amidst recent regulatory advancements and shifts in market dynamics.

During a focused workshop titled "Market Makers - Adapting to Market Volatility and Addressin fg Liquidity Concerns," Dr. Gong discussed the pressing issues of infrastructure inefficiencies and regulatory gaps that continue to plague market makers in the crypto space. He emphasized the need for robust systems that ensure liquidity, security, and accessibility to users, highlighting that these are critical for maintaining trust and efficiency in the markets.

Dr. Gong also addressed future trends for the industry, stressing that market makers must be agile and forward-thinking to manage the highs and lows of the volatile crypto markets. He specifically pointed out the importance of strategic planning in token liquidity, advising new projects to carefully consider these aspects to ensure market stability and investor confidence.

The summit, described as the pre-eminent gathering for traditional financial institutions, regulators, policymakers, and thought leaders in digital assets, featured notable speakers including Joseph Lubin, co-founder of Ethereum and CEO of Consensys; Julia Hoggett, CEO of the London Stock Exchange; Michael Sonnenshein, CEO of Grayscale Investments; and Bim Afolami, the UK Government's Economic Secretary to the Treasury and City Minister.

As the crypto and digital assets sector continues to mature, the insights shared by Dr. Gong and his peers at this summit underscore the evolving narrative of cryptocurrency from speculative to utility-based applications, signalling a promising direction for blockchain technology beyond merecoin speculation. The discussions and outcomes from this summit are expected to influence the trajectory of the crypto markets significantly, particularly in light of upcoming regulatory frameworks and market adaptations.

Video link: https://crypto.live.ft.com/agenda/session/1245533