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Jump Crypto Claims Will Not Shut Down

Internet rumors that the Jump Trading Group’s Jump Crypto cryptocurrency division might shut down as a result of FTX losses have been refuted.

Jump Crypto Claims Will Not Shut Down 2

On November 17, the company said in a tweet that Jump Crypto would not collapse.

The crypto trading firm tweeted on November 12 that it was astonished by the events surrounding FTX but assured its clients that exposure to FTX was handled in accordance with their risk plan and that they are still well-financed.

Despite Jump Crypto’s promises to the contrary, the cryptocurrency community continues to proceed with great caution in the wake of FTX’s demise and the effects that followed. The authorities continue to target the exchange that previously housed Sam Bankman-Fried‘s enterprise.

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Harold

Coincu News

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.