Robinhod, the online brokerage best known for its role in the 2021 meme-stock craze, and Jump Crypto, one of the industry's most well-known market makers, are reportedly no longer in business together.
On-chain data suggests that the two stopped their partnership in early July, according to CoinDesk, which spoke with a source familiar with Robinhood and Jump Crypto to confirm the split. Market makers provide liquidity, or a willing trade partner, for those buying and selling stocks or cryptocurrencies on exchanges.
