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A Wall Street trading firm is quietly buying six small-cap digital assets en route to build a $ 75 million cryptocurrency portfolio.
Messari researcher Mason Nystrom reveals that Jump Trading, a trading company specializing in algorithmic and high-frequency trading with 700 employees worldwide, is amassing six Ethereum-based cryptocurrencies as it flies under the radar.
“Jump Trading holds at least $ 75 million in cryptocurrencies and is the eighth largest COMP (Compound) token holder behind a16z and Polychain. Jump bought 47K COMP in the last 7 days!
Jump also contains KEEP (Keep Network), HXRO, NMR (Numeraire), OXT (Orchid) and MKR (Maker). Jump has invested an undisclosed amount in Serum and owns 40 million SRM (~ $ 32 million). “
Nystrom was able to find Jump Trading’s crypto holdings with the help of Nansen, an analytics platform that tags the owner of Ethereum’s addresses while tracking their activities.
In addition to small-cap crypto assets, researcher Messari discovered that Jump Trading also owns large-cap cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) along with Binance Coin (BNB) and Huobi Token (HT) utility tokens.
While also using Nansen, Mason Nystrom shown that Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) owns Bitcoin, Ethereum, Filecoin (FIL), Maker, Compound, Celo (CELO), Orchid, Arweave (AR), Keep Network and Handshake (HNS).
Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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