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Jump Trading Is All In on Crypto, Despite the Wintry Mix

The financial firm has made a big commitment to digital assets. But in a bear market, is that sustainable?

Kanav Kariya, president of Jump Crypto.
Kanav Kariya, president of Jump Crypto.Photographer: Eva Marie Uzcategui/Bloomberg
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Jump Crypto burst onto the scene less than a year ago, with the appointment of a former intern named Kanav Kariya as its founding president. Within a few months, Jump Crypto found itself spending hundreds of millions of dollars bailing out market participants because of a major crypto hack, and having to navigate the collapse of the TerraUSD stablecoin. Undeterred by critics, Kariya believes that the market’s current volatility is the perfect time to double down. In this episode, you’ll hear from Bloomberg reporters Katherine Doherty and Yueqi Yang, who went to Chicago to visit Jump’s headquarters, and hear about what’s next for the firm. 

Jumping Into Crypto - Bloomberg Crypto