Market Makers Jane Street and Jump Crypto Pulling Back from Crypto Trading in US

Market makers Jane Street and Jump Crypto are pulling back from crypto trading in the US as regulations tightened in the industry, Bloomberg reports.

According to a person familiar with the matter, the two firms haven't given up on crypto trading entirely. While retreating from the US, Jump Crypto still plans to expand internationally. Jane Street, however, is scaling back its global crypto expansion plans due to regulatory uncertainties.

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.