Ether Slides 20% as Trading Firm Moves $46M in ETH
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.
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Jump Trading Group
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.
Jump Trading’s Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol’s current market cap.
Although Jump has been scaling back its crypto-related operations, the reason for the business’ parting of ways remains unclear, Bloomberg reported.
Crypto markets dropped sharply on Monday, with bitcoin’s price dipping below $25,000.
The retail broker’s entry into crypto several years ago was powered by Jump Trading, which is a giant in traditional financial markets.