CHICAGO--(BUSINESS WIRE)--Jump Trading Group, a leading data and research-driven trading business in operation for more than twenty years, today announced the formal launch of Jump Crypto, a dedicated team of talent and resources focused on the growth and development of blockchain ecosystems and cryptocurrencies. Kanav Kariya has been appointed President of Jump Crypto.
Jump Crypto takes an active role in building software infrastructure and tooling for blockchain ecosystems, in addition to being an active participant in trading and market-making activities that help make global crypto markets more efficient. As founding code contributors to projects such as the Pyth network, an oracle for real-time on-chain market data, and Wormhole, a blockchain interoperability protocol, Jump Crypto’s team has been actively creating decentralized, open-source tooling that seek to solve real-world problems in the public domain for more than six years.
“Blockchains enable global consensus amongst mutually distrusting parties. They empower developers to create open applications that codify the rules and outcomes of participation for all parties. Pyth is a great example of this, as a trustless system for data producers to independently contribute information to a shared piece of decentralized infrastructure. We believe that current DeFi applications are only the tip of the iceberg. These new, open rails have the capacity to enable innovation and product models that stretch far beyond the realms of traditional financial systems,” said Kanav Kariya, President of Jump Crypto. “Jump Trading has spent decades focused on building the infrastructure for high performance systems and technologies. We’re bringing that muscle to crypto and aim to meaningfully contribute to the construction of the ‘plumbing and the railroads’ necessary for widespread adoption of crypto."
“The finance industry is undergoing one of the biggest paradigm shifts in its history propelled by innovations in decentralized ledger technologies that will significantly enhance legacy systems and facilitate connectivity across financial service firms, and institutional and retail investors globally. Having been at the forefront of development in digital assets and DeFi, we believe there is substantial opportunity for industries including healthcare, real estate and social media to leverage the blockchain to transfer information in a trusted, efficient manner,” said Dave Olsen, President and Chief Investment Officer of Jump Trading Group. “We look forward to the continued growth of Jump Crypto.”
Through a combination of trading intelligence, liquidity, and code contribution, Jump Crypto is one of the most sophisticated entities involved in crypto today. Jump Crypto is rapidly expanding its team of more than 80 employees globally and has deployed billions of dollars of capital across the crypto ecosystem.
To learn more about our vision, go to https://jumpcrypto.com/introducing-jump-crypto.
About Jump Crypto
Jump Crypto is committed to building and standing up critical infrastructure needed to catalyze the growth of the crypto ecosystem. We're builders, partners, and traders who take a long-term view of crypto's prospects and operate to unlock the full potential of open, community-driven networks. Since our inception as a skunkworks intern project in late 2015, we've grown into a dynamic and seasoned team of high performing players across a range of functions. Today, we play an important role in the development of some of the largest and most innovative crypto communities.
Jump Crypto is the crypto division of Jump Trading Group, a research-driven quantitative trading firm that's ONE of the largest traders by volume across traditional asset classes. For more on our history, culture and the road ahead read our blog here.