Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg

Market makers Jane Street and Jump Trading are retreating from crypto trading in the U.S. as a regulatory crackdown on the industry has intensified, Bloomberg reported, citing a person familiar.

Both firms are still making markets and not abandoning the crypto industry entirely, Bloomberg said citing the person. However, Jane Street is scaling back its global crypto expansion plans, while Jump Crypto - the digital assets trading unit of Jump Trading - is pulling back from U.S. markets, although it's still planning to expand internationally, the news outlet reported citing two people familiar with the matter.

U.S. policy makers and regulators have intensified regulatory pressure on the crypto industry after the spectacular collapse of centralized exchange FTX. The move has spooked industry veterans and investors alike. Some observers have even called it a"war on crypto." Industry giants like Coinbase have

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC Dips Below $28K, While LDO, BCH Defy Market Sentiment With 7% Jumps (Market Watch)Lido DAO (LDO) and Bitcoin Cash (BCH) are the two exceptions from the top 50 altcoins with notable gains.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline – Market Updates Bitcoin NewsThe meme coin PEPE reached an all-time price high on May 5, 2023, but it has since plunged over 50% from that position.
Source: BTCTN - 🏆 531. / 51 Read more »