Jump Trading Set to Re-enter the US Crypto Market

The Chicago-based firm Jump Trading is increasing its cryptocurrency trading volumes in the United States and expanding its team. This is reported by CoinDesk, citing insiders.

The company is currently seeking crypto engineers to work with “advanced validator infrastructure” and plans to open positions for government negotiators.

Jump Trading’s American operations were reduced due to regulatory pressure following the incidents with Terra and FTX.

Notably, the firm faced a class-action lawsuit accusing it of market manipulation with the algorithmic stablecoin UST and illegally profiting from the sale of LUNA tokens, allegedly acquired at a discount in exchange for artificially inflating prices.

The company’s cryptocurrency division, which consisted of 150 people in 2022, was halved. Business in other countries was unaffected.

With a change in the legislative climate, the company has decided to return to the American market. One of the anticipated projects for the company after resuming full operations in the US is the creation of a crypto ETF.

Earlier in March, President Donald Trump confirmed plans to establish a strategic cryptocurrency reserve in the US.