Market Making Giants Jane Street and Jump Trading Retreating From Crypto Trading: Bloomberg

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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.

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