What is jump crypto?

CHICAGO-- ( BUSINESS WIRE )--Jump Trading Group, a leading data and research-driven trading business in operation for more than twenty years, today announced the formal launch of Jump Crypto, a dedicated team of talent and resources focused on the growth and development of blockchain ecosystems and cryptocurrencies.

Who is Jump Trading?

Jump Trading was founded in 1999 by two former pit traders, Paul Gurinas and Bill Disomma, who met in the Deutsche Mark pit at the Chicago Mercantile Exchange (CME). While the firm got its start in the open outcry pits, Jump Trading does most of its trading electronically.

What is jumptoken (JMPT)?

JumpToken (JMPT) is a primary utility token or cryptocurrency of the JumpTask platform. JumpTask is a DeFi (decentralized finance) platform seeking to optimize a gig-based economy in the crypto world. JumpTask also envisions decentralizing the gig economy and thus, uses blockchain technology to function.

What happened to jump capital?

In May 2018, Jump was fined $250,000 by the Securities and Exchange Commission (SEC) due to a malfunction in one of its trading algorithms leading to the accidental accumulation of a short position worth hundreds of millions of dollars. Gurinas and DiSomma also founded a venture capital firm, Jump Capital, in June 2012.