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Jump Trading Group isn't some rando crypto org, it's a legit hedge fund established in 1999. Supposedly it has at minimum $150M AUM[1] but because it's a privat
by nexuist 5y ago
Jump Trading Group isn't some rando crypto org, it's a legit hedge fund established in 1999. Supposedly it has at minimum $150M AUM[1] but because it's a private company nobody actually knows the real amount. We can predict that they probably have a few billion in cash lying around if they've been successfully trading for over 20 years. Jump Crypto, the group that bailed out Wormhole, is their crypto trading division.
[1] https://wallmine.com/fund/3mg/jump-trading-llc https://wallmine.com/fund/3mg/jump-trading-llc
- joezydeco 5y agoJump is a black hole. I had a friend go there 20 years ago and haven't heard from him since. But he's got a lovely mansion on the North Shore.
- chrisco255 5y ago$150M is 15% of a billion. Why would they have a few billion in cash if they only have $150M? Numbers seem off.
- nexuist 5y agoThe numbers are off because it is a private company. They have $150M in disclosed assets, the true number may be magnitudes higher and probably is if the company can cough up $320M on a dime. Unless you have insider trading information there is no way to know Jump's real AUM.