Jane Street Group and Jump Crypto are scaling back their digital asset trading in the US due to increasing regulatory pressure. Despite the cutbacks, both firms remain engaged in crypto markets on a smaller scale. The decision comes amid heightened scrutiny of the digital asset industry following the collapse of notable companies like FTX and TerraUSD stablecoin.
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Crypto Giants Face Lawsuit: Alleged TerraUSD Manipulation and Its Impact on the Blockchain Future
Jump Trading is accused of manipulating the price of TerraUSD (UST) stablecoin in partnership with Terra Labs, violating the Commodity Exchange Act and common law. US authorities continue probing Terra stablecoin collapse, highlighting the importance of vigilance in evolving cryptocurrency markets.
Crypto’s Hectic Week: Inflation Impact, Adoption Surge, and Regulatory Debate
This week, Tether reported $1.48 billion profit and increased crypto adoption by institutions like PayPal and Goldman Sachs. However, the Central Bank of Ireland Governor likened cryptocurrencies to a “Ponzi scheme.” US lawmakers are considering crypto regulations under SEC and CFTC supervision.
Institutional Titans Stirring Up Waves in Crypto: B2C2 and Woorton Merge to Navigate EU Market
The acquisition of French firm Woorton by London-based B2C2 boosts institutional presence in the global crypto marketplace. Woorton’s over-the-counter services and clients integrate into B2C2’s framework, potentially increasing market liquidity. Collaborations like this, underlying regulatory compliancy, and the growing trend of institutional adoption offer promise in navigating crypto markets’ volatility.