Quantitative Trading Firm Jump Launches Crypto Division

Quantitative trading firm Jump Trading has launched a crypto division focused on the growth of blockchain ecosystems and cryptocurrencies.

• Consisting of more than 80 people, Jump Crypto will be involved in building software infrastructure for blockchain ecosystems as well as trading and market-making activities, the company said Tuesday.
• Kanav Kariya, president of Jump Crypto, said the unit’s aim is to contribute to the building of “plumbing and railroads” necessary to encourage crypto adoption.
• The launch follows shortly after Jump Trading Group’s acquisition of blockchain engineering group Certus One, a Berlin-based startup that provides the infrastructure for proof-of-stake blockchains.
• In June, the group joined Solana-built decentralized finance brokerage Oxygen as a strategic partner.

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