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

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Jump Trading, the publicity-shy market maker for Robinhood, Bitfinex, and BitMEX has invested in decentralized exchange (DEX) Serum.

  • Serum announced Thursday it had received a significant investment from Jump Trading and inked a liquidity partnership with them.
  • 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 fouding partner Sam Bankman-Freid said the news represented a major step to the maturation of the DeFi space.

See also: FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks

   

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