Jane Street and Jump Moving Away from Crypto | CoinMarketCap

Jane Street and Jump Moving Away from Crypto

According to Bloomberg, Jane Street Group and Jump Crypto, the digital-assets arm of Jump Trading, are among those who are reducing their exposure to the US crypto market. Jane Street Group, a leading firm in markets such as ETFs and corporate bonds, has decided to limit its global crypto ambitions as well, due to the uncertainty around the regulatory environment. A person familiar with the matter told Bloomberg that the firm found it hard to operate the business in a way that met its internal standards.

Both firms are still making markets in crypto, but on a smaller scale, and have not abandoned the industry completely, the people said. They declined to comment to Bloomberg. The regulatory crackdown has been triggered by the collapse of high-profile firms and projects in the crypto space, such as FTX, the exchange founded by Sam Bankman-Fried, and TerraUSD stablecoin. The regulators have targeted various aspects of the industry, including trading platforms, stablecoin issuers and brokers.

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