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Unchained · Tuesday, June 30, 2026

Crypto Firm Asked Index Creator to Act as Market Maker for Own Product

During an interview on the podcast "Unchained," Maya Qian revealed that a cryptocurrency derivatives platform asked her to act as a market maker for an index she created. Qian stated this presented a conflict of interest, as an index provider should remain neutral. She declined the offer.

personCarmencompanyCM E

The tape

3 quotes
one of things is so bizarre is, yeah, ask me, hey, Carmen, aside from licensing indices, will you consider become market maker of your own indices?
Carmen
because clearly there is a huge conflict of interest by me trading my own indices that completely ruled the neutrality from index provider point of view, right?
Carmen
I said, did anyone said no because it's by design, did not, you're not supposed to do so? Right? So it's for thinking to me that was even a discussion to begin with, right?
Carmen
Heard on Unchained — “A Perp Venue Asked Her to Trade Her Own Benchmark. She Said No, published Tuesday, June 30, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.03
Crypto Firm Asked Index Creator to Act as Market Maker for Own Product — Heardvine