Economics
High-Speed Traders In Search of New Markets Jump Into Bitcoin
- DRW, Susquehanna, Jump, HRT said among firms trading bitcoin
- Risks abound in evolving, unregulated cryptocurrency markets
Bitcoin Ends Year at $10,000, Says Mike Novogratz
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Electronic-trading firms that have already transformed markets from stocks to foreign exchange to futures are diving into bitcoin and other cryptocurrencies.
Five of the biggest electronic traders in the world are already trading bitcoin. Jump Trading LLC, Tower Research Capital LLC and Hudson River Trading are in the market, according to people familiar with the matter, along with Susquehanna International Group LLP. DRW Holdings LLC has been trading digital currencies since 2014, giving it a head start on competitors.