Category: Market Making

Jump Trading no longer wants to be secretive about its multi-billion dollar crypto operation

Jump Trading no longer wants to be secretive about its multi-billion dollar crypto operation

Jump Trading was once called one of Wall Street’s most secretive high-speed trading firms.  But now, Jump is going fully public with its crypto operation and wants the community to know it is keen on being a vocal and transparent contributor to the space. The firm, which has billions of dollars put to work in […]

Continue Reading

Is passive market making profitable?

Is passive market making profitable?

Quick Take Passive liquidity providers earn trading fees but suffer from impermanent loss when the price ratio of their pooled assets change SushiSwap pairs typically had lower volume-to-liquidity ratios than their Uniswap counterparts, resulting in lower returns for SushiSwap liquidity providers Providing liquidity to stablecoin pairs could generate more than a 10% annual yield This […]

Continue Reading

An inside look at Bullish, the billion-dollar crypto exchange that’s just begun its test pilot

An inside look at Bullish, the billion-dollar crypto exchange that’s just begun its test pilot

Bullish, the Block.One-backed cryptocurrency exchange, has been making a flurry of headlines, joining the long list of crypto firms preparing a SPAC deal to go public, raising millions in the private markets, and onboarding former New York Stock Exchange president Thomas Farley as its CEO.  The firm has been able to do all of this […]

Continue Reading

B2C2 hires former Citadel exec as president of US arm

B2C2 hires former Citadel exec as president of US arm

B2C2, the London-based crypto market-making firm, has hired a former Citadel Securities fixed-income executive as the president of its U.S. arm. Nicola White previously served as Citadel’s global chief operating officer of fixed income, according to her LinkedIn profile. Before moving to Citadel, she worked at Morgan Stanley in various roles for nearly 13 years.  […]

Continue Reading

Mapping out Wintermute Trading’s portfolio

Mapping out Wintermute Trading’s portfolio

Quick Take Founded in 2017, Wintermute Trading is a London-based market maker and proprietary trading firm within the digital asset sector During the first quarter of 2021, the firm completed a $20 Series B to assist with expansion into Asia and helping with the launch of its derivatives and request for quote (RFQ) business lines […]

Continue Reading

Crypto market maker GSR goes carbon neutral, including for its bitcoin mining business

Crypto market maker GSR goes carbon neutral, including for its bitcoin mining business

Crypto market-making firm GSR has committed to using carbon credits to make its entire business carbon neutral, according to an announcement Thursday.  This will also include its recently launched bitcoin mining business, which is already powered in part by hydroelectric energy. Hong Kong-based GSR is one of the oldest liquidity providers in the crypto space. […]

Continue Reading

Crypto market maker Wintermute raises $20 million from Pantera Capital, Fidelity’s Avon

Crypto market maker Wintermute raises $20 million from Pantera Capital, Fidelity’s Avon

Cryptocurrency market maker Wintermute has raised $20 million in a Series B funding round to expand into new businesses and geographies. The round was backed by Pantera Capital, Fidelity’s Avon Ventures, and Sino Global Capital, among others. Existing investors Blockchain.com Ventures and Lightspeed Venture Partners also participated in the round.  In a note to The […]

Continue Reading