Jane Street, Jump Pull Back Crypto Trading Over US Regulatory Uncertainty;

Discussion in 'Crypto Assets' started by ETJ, May 10, 2023.

  1. ETJ

    ETJ

    Jane Street, Jump Pull Back Crypto Trading Over US Regulatory Uncertainty; Regulatory uncertainty has made the business more difficult; Scrutiny intensified in the wake of the FTX, TerraUSD failures
    Katherine Doherty and Yueqi Yang - Bloomberg
    Jane Street Group and Jump Crypto - two of the world's top market-making firms - are pulling back from trading digital assets in the US as regulators crack down on the industry. Jane Street is going even further by scaling back its crypto ambitions globally because regulatory uncertainty has made it difficult for the firm to operate the business in a way that meets internal standards, according to a person familiar with the matter.
    /jlne.ws/3HXNKvO
     
    murray t turtle likes this.
  2. mikeriley

    mikeriley

    The prudent have already placed their shorts
    prior to the crypto financial tsunami.;)