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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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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