2020-9-4 17:52 |
Amidst the market-wide deep correction on Thursday, the decentralized derivatives platform (DEX) Serum, a collaboration between FTX and Solana blockchain, announced a “huge addition” in the form of Jump Trading.
One of the world's leading liquidity providers in the financial ecosystem, who is also a market maker for Robinhood and in the crypto world for BitMEX and Bitfinex, Jump Trading has entered into a partnership with and made an undisclosed investment into Serum.
“Liquidity is coming: enough to scale,” tweeted FTX co-founder and CEO, Sam Bankman-fried.
A major step towards the maturation of the DeFi space, Jump Trading, will be providing market making and liquidity services to assets on the Serum platform that was launched just last week.
This past weekend, Serum went live and currently has markets for BTC, ETH, SOL, SRM, FTT, SUSHI, SXP, MSRM, YFI, and LINK with trading pairs against USDT and USDC each.
Founded in 1999, Jump Trading is known for maintaining a low public profile and is active in futures, options, cryptos, and equity markets worldwide and is a member of the Principal Traders Group.
Jump Capital, the sister company, is an active investor in the crypto market and has backed firms like BitGo, Digital Assets Data, Curve, and Bitso, among others.
The post Liquidity Coming to Serum: Veteran Market Maker & Liquidity Provider, Jump Trading, Joins the DEX first appeared on BitcoinExchangeGuide.
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