Insiders say Trading Titan Jump is regrouping its efforts in the US crypto sector
Jump is ramping up its cryptocurrency operations around the world and adding staff to its staff after a decline in U.S. digital assets over the past two years, according to people familiar with the matter.
Updated March 5, 2025, 16:53 UTC Published March 5, 2025, 14:28 UTC
Key points:
- While the company has continued to operate in other regions, it is now adding employees both in the U.S. and internationally.
- Jump is rebuilding its digital asset talent pool, which has been reduced in recent years.
Chicago-based trading firm Jump is relaunching its cryptocurrency operations in full after curtailing them in the U.S. over the past few years due to tight regulatory scrutiny and uncertainty.
While Jump has continued its digital asset and market-making activities in other countries, cryptocurrency trading is now booming globally, according to a person familiar with the matter. Jump is also targeting a group of crypto engineers and plans to begin filling U.S. policy and government positions in the future, another person added.
The previous US administration, with the support of anti-cryptocurrency regulators and banking authorities, tried to suppress the digital asset sector across the country. However, under Donald Trump, the situation has changed significantly.
Read more: As the SEC continues to back away from its cryptocurrency litigation, many questions remain
Jump has been under regulatory scrutiny since the collapse of stablecoin Terra Luna and FTX, leading to reports of layoffs in the U.S., including a spinoff of Jump's Wormhole project and a reduction in headcount at Jump's Crypto division, which was set to reach 150 people in 2022, according to Bloomberg.
An interesting opportunity for Jump could be to participate in the US crypto ETF market, where the firm is still conspicuously absent.
Looking ahead, it is possible that a Solana ETF (SOL) could be created at some point; Jump is known for its investments and developments in the Solana ecosystem, particularly projects like Firedancer, a software designed to increase transaction throughput on the blockchain.
Jump declined to comment.
Read More: Jump Crypto Adds $10M To US Political War, Boosting PAC To $169M
Update: Jump is now accelerating cryptocurrency trading worldwide.
Update: Jump operates its crypto trading from London rather than the US where its R&D focus is.
