Jump Trading Group’s cryptocurrency arm, Jump Crypto, said the exposure to FTX was managed by their risk framework, and they remain well capitalized.

Following the events of FTX and Alameda Chapter 11 bankruptcy filings, Jump Crypto said it was shocked by it and confirmed exposure to FTX had been managed.

In addition, the company said that it will still put faith in the crypto space after this collapse and will rebuild its future.

Jump Trading’s crypto arm focuses on infrastructure and crypto venture investments. The company is one of the organizations that have spoken out to stabilize the trust of customers during the crisis of the post-FTX crypto market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Jump Crypto Says It Still Believes In The Future Of The Crypto Industry

Jump Trading Group’s cryptocurrency arm, Jump Crypto, said the exposure to FTX was managed by their risk framework, and they remain well capitalized.

Following the events of FTX and Alameda Chapter 11 bankruptcy filings, Jump Crypto said it was shocked by it and confirmed exposure to FTX had been managed.

1/ We, like all of you, were shocked by the events that unfolded over the past week. Jump's exposure to FTX was managed in accordance with our risk framework and we remain well capitalized.

— Jump Crypto ???????????? (@jump_) November 12, 2022

In addition, the company said that it will still put faith in the crypto space after this collapse and will rebuild its future.

2/ This is a massive blow to the industry, but we continue to believe in this space and work alongside others building towards its future.

— Jump Crypto ???????????? (@jump_) November 12, 2022

Jump Trading’s crypto arm focuses on infrastructure and crypto venture investments. The company is one of the organizations that have spoken out to stabilize the trust of customers during the crisis of the post-FTX crypto market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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