By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Binance and Coinbase Hit as Jane Street and Jump Crypto Depart US Crypto Market
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > EXCHANGES > Binance and Coinbase Hit as Jane Street and Jump Crypto Depart US Crypto Market
EXCHANGESNews

Binance and Coinbase Hit as Jane Street and Jump Crypto Depart US Crypto Market

NFT Studio 24
Posted NFT Studio 24 May 10, 2023 176 Views 2 Min Read
Updated 2023/05/10 at 8:36 PM
Binance and Coinbase Hit as Jane Street and Jump Crypto Depart US Crypto Market 1
SHARE

Jane Street and Jump Crypto exiting the U.S. crypto market will further bring new set of troubles for crypto exchanges Binance and Coinbase.

Contents
Major Crypto Firms Jane Street and Jump Crypto to Depart US MarketCrypto Market Liquidity Concerns Grow as Demand Surges

Due to intense regulatory scrutiny, a lack of regulatory clarity, and leading market makers Jane Street and Jump Crypto leaving the United States.

Leading cryptocurrency exchanges Binance, Coinbase, and other entities involved in the industry are facing a variety of issues as a result of the US SEC-led regulatory crackdown on cryptocurrencies, and some are considering moving their operations abroad.

Major Crypto Firms Jane Street and Jump Crypto to Depart US Market

Amidst a ferocious regulatory crackdown on cryptocurrencies in the US, two of the top market-making companies in the world, Jane Street and Jump Crypto, have decided to stop trading cryptocurrencies there. According to Bloomberg on May 10, the companies will keep making market trades and won’t completely leave the cryptocurrency market.

Jump Crypto, a division of Jump Trading that deals in digital assets, is leaving the US market while still intending to grow its business internationally.

Following the FTX fiasco and Terra-LUNA crisis, US federal departments and regulators have stepped up their regulatory crackdown on the cryptocurrency market. In actuality, the FTX and Terra-LUNA crises were connected to Jane Street and Jump Crypto. Jane Street is mentioned by the US CFTC in its lawsuit against cryptocurrency exchange Binance, whereas Jump Crypto supported the TerraUSD algorithmic stablecoin by demonstrating liquidity and funds. Sam Bankman-Fried and FTX are both connected to it. Many of FTX’s executives had previously worked for Jane Street.

Crypto Market Liquidity Concerns Grow as Demand Surges

By supplying liquidity, market makers like Jane Street and Jump Crypto help the cryptocurrency market. One of the main causes of the cryptocurrency contagion we saw last year was problems caused by a lack of liquidity.

Jump and Jane Street reducing their market-making activity will add pressure to a market that has already been losing liquidity throughout the year.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Bored Apes Set to Host a Stunning Yacht Party and AfterParty Experience at BlockDown Festival Portugal this July Bored Apes Set to Host a Stunning Yacht Party and AfterParty Experience at BlockDown Festival Portugal this July
Next Article PayPal Reports Nearly 1 Billion in Crypto Holdings for Q1 1 PayPal Reports Nearly $1 Billion in Crypto Holdings for Q1
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Elliptic drives crypto adoption with advanced analytics.
Institutions Demand Advanced Blockchain Analytics to Drive Crypto Adoption: Elliptic
News May 29, 2023
Metacrun.ch and Byte City Uniting the Metaverse for Unforgettable Experience
Metacrun.ch and Byte City: Uniting the Metaverse for Unforgettable Experience
News May 29, 2023
Non Fungible Conference the leading experimental web3 event focused on NFT
Non Fungible Conference, the leading experimental web3 event focused on NFT
PRESS RELEASE May 27, 2023
Join us
Ad imageAd image

You Might also Like

Elliptic drives crypto adoption with advanced analytics.
News

Institutions Demand Advanced Blockchain Analytics to Drive Crypto Adoption: Elliptic

May 29, 2023
Metacrun.ch and Byte City Uniting the Metaverse for Unforgettable Experience
News

Metacrun.ch and Byte City: Uniting the Metaverse for Unforgettable Experience

May 29, 2023
Big Eyes Presale Concludes Hollywood X Pepe Poised for Significant Growth
News

Big Eyes Presale Concludes, Hollywood X Pepe Poised for Significant Growth

May 27, 2023
Binance Introduces NFT Loan Feature Transforming Crypto Art Market
EXCHANGESLATEST NFT NEWS & METAVERSENews

Binance Introduces NFT Loan Feature, Transforming Crypto Art Market

May 26, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?