Compartir este artículo
Robinhood and Jump Trading No Longer Have Crypto Partnership: Source
The retail broker’s entry into crypto several years ago was powered by Jump Trading, which is a giant in traditional financial markets.
Robinhood Markets Inc., the retail broker whose entry into crypto several years ago was powered by Chicago-based juggernaut Jump Trading, is no longer doing business with the firm, a person familiar with the matter told CoinDesk.
Robinhood’s no-fee crypto business depends on market-making firms to keep its billions of dollars in volume trading smoothly. But Jump has been reportedly backing away from the U.S. market amid heightened regulatory scrutiny.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
On-chain data suggests Jump and Robinhood split ways in early July.
Robinhood declined to comment. Jump could not be immediately reached for comment.
Intel from the source adds to little-noticed public evidence their relationship had changed. Robinhood’s financial reports haven’t mentioned Tai Mo Shan Ltd. – the Jump affiliate that handled Robinhood’s order flow – since the fourth quarter of 2022.
Instead, the publicly traded broker is working with competing market-making firms including B2C2, which now handles the lion’s share of Robinhood’s crypto flow, according to public filings with the U.S. Securities and Exchange Commission.
Why Robinhood and Jump are no longer working together isn’t clear. Jump has for years been one of the largest market makers in traditional finance, a dominant presence on the Chicago Mercantile Exchange and other markets owned by CME Group. The U.S. government’s 2023 crypto crackdown has made it harder for TradFi players to remain as visible in crypto.
Jump was the original firm supporting Robinhood’s crypto ambitions and anchored market making for its lucrative service heading into the 2021 bull market peak.
UPDATE (Aug. 29, 2023, 17:52 UTC): Adds on-chain evidence.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Surf Raises $15M to Build AI Model Tailored to Crypto Research
Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating.
Lo que debes saber:
- Surf raised $15 million to develop "Surf 2.0" and launch an enterprise product aimed at institutional users.
- The firm said it has generated more than 1 million research reports since July and is seeing 50% month-over-month growth.
Top Stories
