The Commodity Futures Trading Commission is investigating Chicago-based trading firm Jump’s involvement in crypto, including inquiries into its trading and investment activity, according to a person familiar with the matter.
The probe, which is not evidence of wrongdoing, comes after a turbulent three years for Jump. The company is known for its expertise in algorithmic trading and, more recently, as one of the most active market makers and investors in the crypto industry before being implicated in a series of hacks and collapses. Jump has since scaled back its crypto efforts, including spinning off two of its high-profile projects and opting out of the spot Bitcoin ETF race.
