Jump’s Crypto Specialists Depart for Blockchain-Focused Startup
- New venture Douro Labs will work closely with Pyth Network
- Pyth’s data contributors include companies like Virtu and Cboe
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A group of specialists at Jump Crypto, one of the digital-asset world’s top market-making firms, have left to start a new software company focused on developing a financial data feed project built on blockchains.
Former Jump employees Mike Cahill, Jayant Krishnamurthy and Ciaran Cronin have co-founded Douro Labs to work closely with the Pyth Network, a blockchain-based data service, according to a statement Tuesday. The group of 19 includes six others from Jump’s crypto team who were already working on Pyth, a representative for Douro Labs said.