Jump Trading Invests in Decentralized Exchange Serum, Signs On as Market Maker

Jump Trading, the publicity-shy market maker for Robinhood, Bitfinex and BitMEX has made a significant investment into decentralized exchange (DEX) Serum.

• Serum announced Thursday it had received a significant investment from Jump Trading and inked a liquidity partnership with the firm.
• Per a release shared with CoinDesk, Jump Trading will provide market making and liquidity services for assets as they go live on Serum's platform, which only launched last week.
• The value of the investment was not disclosed.
• Serum's founding partner Sam Bankman-Fried said the news represented a major step for the maturation of the DeFi space.

See also: FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks