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Finance

Quantitative Trading Firm Jump Launches Crypto Division

Jump Crypto will be involved in building software infrastructure for blockchain ecosystems as well as trading and market-making activities.

By Jamie Crawley
AccessTimeIconSep 14, 2021 at 2:25 p.m. UTC
Updated May 11, 2023 at 4:14 p.m. UTC
(Sky Antonio/Shutterstock)

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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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter
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