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The year 2021 brought significant gains for investors who evaluated the dips, and we saw rapid rises in altcoins. Of course, there were certain triggers for these rises. Today, just as DWF Labs can manipulate prices in altcoins and play with charts as a market maker, Jump Crypto was doing similar things back then.
Important Development in Cryptocurrencies
Jump was among the biggest market makers before reducing its intensity in the cryptocurrency markets. Amid the controversies of the Terra collapse, it decided to reduce its involvement in crypto, citing the US regulatory environment as a reason. Now, the company’s CEO has announced his resignation. Jump Crypto’s president, Kanav Kariya, is stepping down after years in his role.
“As for what I will do next, I plan to continue engaging with the portfolio companies I am most involved with and take some time to reflect on the incredibly eventful few years we’ve had. This is also a great opportunity to catch up on relationships and readings I have put on the back burner. Other than that, I will try to be patient for inspiration to come deeply until I decide to commit myself to the next job.”
Last week, a CFTC investigation was initiated regarding JUMP.
