One of the largest market makers will provide liquidity on DEX Serum High-frequency trading company Jump Trading has become an investor in FTX-developed decentralized exchange Serum, writes The Block.

One of the largest market makers will provide liquidity on the DEX Serum

High-frequency trading company Jump Trading has become an investor in FTX-developed decentralized exchange Serum, writes The Block.

According to FTX CEO Sam Bankman-Freed, Jump Trading will take on the task of providing liquidity for Serum traders.. She also invested a "significant" amount in the platform, the amount of which is not specified..

Jump Trading has been operating since 1999 and is distinguished by the closed nature of its operations. The firm provides market making services to Robinhood, Bitfinex and BitMEX, among others. Its sister company Jump Capital is an active investor in the cryptocurrency space, including BitGo, Bitnomial, Bitso and Curv. A source familiar with the matter said that Jump has recently been targeting larger deals in the industry..

Serum is based on the Solana blockchain. The launch of the trading platform took place last week. It currently offers BTC, ETH, SRM and MSRM in pairs with USDT and USDC.

“We believe the trade processes currently opening up in the industry will have far more far-reaching implications than what we now call DeFi. We intend to create an infrastructure that will help realize this opportunity, ”added Bankman-Fried.

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