Jump Trading Group, a data and research-driven trading business in operation for more than twenty years, today announced the formal launch of Jump Crypto, a dedicated unit focused on the development of blockchain ecosystems and cryptocurrency. Kanav Kariya has been appointed President of Jump Crypto.
As founding code contributors to projects such as the Pyth network, an oracle for real-time on-chain market data, and Wormhole, an interoperability protocol, Jump Crypto’s team has been actively creating decentralized, open-source tooling that seeks to solve real-world problems 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.”
– Kanav Kariya, President of Jump Crypto
Now expanding its team to more than 80 employees globally, Jump Crypto has deployed billions of dollars of capital across the crypto ecosystem.
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 Jump Trading’s history, culture, and the road ahead, check out the firm’s blog here.