Quant firm Jump Trading has acquired Certus One, a blockchain-focused company, Bloomberg reports. While this was Jump's first crypto acquisition, the amount of the deal remains undisclosed. The company plans tp expand its scope in the crypto market with Certus One.
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"Certus One is one of the most talented teams in the space and we are very excited to welcome to the Jump family. This acquisition is an opportunity for us to super charge our efforts to build in and contribute to the space and we can't wait to get going," said Kanav Kariya, Director of Digital Assets at Jump Trading.
In December last year, Jump Trading suspended trading with XRP until further notice following the filing of a lawsuit by the US Securities and Exchange Commission (SEC) against fintech company Ripple.
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