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 made a significant investment into 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 for the maturation of the DeFi space.
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