Two of the biggest market-making firms in the crypto industry, Jane Street Group and Jump Crypto, are reportedly scaling back their trading activities in the US due to increased regulatory pressure. This move comes amidst ongoing regulatory uncertainty in the US by the Securities and Exchange Commission (SEC), which has made it difficult for firms to operate in the market.
Is A Crypto Selloff Imminent?
Jane Street Group, a major player in markets such as exchange-traded funds (ETFs) and corporate bonds, has decided to limit its global crypto ambitions due to the regulatory environment. Similarly, Jump Crypto, the digital assets arm of Jump Trading, is withdrawing from the US market for similar reasons.
While both firms are still making markets in crypto on a smaller scale, they have decided to reduce their exposure to the US market. With that said, will this move impact the industry as rumored, as the two firms hold a combined…
