Jump Crypto company
Overview
Jump Crypto is the digital-asset arm of Jump Trading, the Chicago proprietary trading firm founded in 1999 by former Chicago Mercantile Exchange pit traders Paul Gurinas and Bill Disomma. Jump Trading operates from more than a dozen offices worldwide including New York, London, Singapore and Sydney with over 2,000 employees, and specialises in algorithmic and high-frequency trading. Jump Crypto was launched in September 2021 as a separate brand and was headed by Kanav Kariya, a Forbes 30 Under 30 alumnus who had started at Jump Trading as an intern and led the unit at 25. Its activities spanned market making, venture investment and protocol engineering. The unit and its parent have faced significant legal exposure over the Terra collapse: a May 2023 class action alleged Jump Trading manipulated the UST stablecoin and profited by roughly $1.28 billion, and in December 2024 its subsidiary Tai Mo Shan settled with the SEC for $123 million over misrepresentations to UST investors. Jump Trading was founded in 1999 in Chicago. It launched the Jump Crypto brand in September 2021 under Kanav Kariya. In May 2018 the SEC fined the firm $250,000 over an algorithmic malfunction that accumulated an accidental short position. In May 2023 a class action alleged UST manipulation worth about $1.28 billion in profit, and in December 2024 subsidiary Tai Mo Shan paid $123 million to settle SEC claims that it misled UST investors.
Within the DeFi Intel graph, Jump Crypto connects to 18 tracked entities, most strongly to Pyth Network, Wormhole, Wormhole Foundation (2023 spinout).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 18 total).
| Relation | Connected entity | Confidence |
|---|---|---|
publishes_to | Pyth Network | 95% |
spun_out_of | Wormhole | 95% |
spun_out_from | Wormhole Foundation (2023 spinout) | 95% |
parent_of | Jump Trading Group | 95% |
parent-of | Jump Trading Group | 95% |
mentions | Jane Street dismisses insider trading allegations over role in $40bn Terra collapse as 'self-defeating' | 95% |
governs | Firedancer | 95% |
invested_in | Wormhole Foundation (2023 spinout) | 90% |
spun_out_of | Wormhole Labs | 90% |
headquartered_in | United States | 85% |
Frequently asked questions
What is Jump Crypto?
Jump Crypto is a market-maker tracked in the DeFi Intel knowledge graph. It is connected to 18 other tracked entities, most strongly to Pyth Network, Wormhole, Wormhole Foundation (2023 spinout).
What type of entity is Jump Crypto?
Jump Crypto is classified as a market-maker (company) in the DeFi Intel knowledge graph.
What is Jump Crypto connected to?
In the DeFi Intel knowledge graph, Jump Crypto is linked to 18 other tracked entities, most strongly to Pyth Network, Wormhole, Wormhole Foundation (2023 spinout).
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