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Finance

Jump Trading Invests in Decentralized Exchange Serum, Signs On as Market Maker

Secretive market maker Jump Trading has made an undisclosed investment into decentralized exchange Serum, which only launched last week.

By Paddy Baker
AccessTimeIconSep 3, 2020 at 1:07 p.m. UTC
Updated May 9, 2023 at 3:11 a.m. UTC
(Evannovostro/Shutterstock)
(Evannovostro/Shutterstock)

Jump Trading, the publicity-shy market maker for Robinhood, Bitfinex and BitMEX has made a significant investment into decentralized exchange (DEX) Serum.

  • Serum announced Thursday it had received a significant investment from Jump Trading and inked a liquidity partnership with the firm.
  • Per a release shared with CoinDesk, Jump Trading will provide market making and liquidity services for assets as they go live on Serum's platform, which only launched last week.
  • The value of the investment was not disclosed.
  • Serum's founding partner Sam Bankman-Fried said the news represented a major step for the maturation of the DeFi space.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.