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Jump Trading Invests in Decentralized Exchange Serum, Signs On as Market Maker
Secretive market maker Jump Trading has made an undisclosed investment into decentralized exchange Serum, which only launched last week.
Jump Trading, the publicity-shy market maker for Robinhood, Bitfinex and BitMEX has made a significant investment into decentralized exchange (DEX) Serum.
STORY CONTINUES BELOW
- Serum announced Thursday it had received a significant investment from Jump Trading and inked a liquidity partnership with the firm.
- Per a release shared with CoinDesk, Jump Trading will provide market making and liquidity services for assets as they go live on Serum's platform, which only launched last week.
- The value of the investment was not disclosed.
- Serum's founding partner Sam Bankman-Fried said the news represented a major step for the maturation of the DeFi space.
See also: FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks
Paddy Baker
Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing.
Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.
