Jump Crypto says no plans to shut down, quashing rumors

Quick Take

  • Jump Crypto is still actively investing and trading, the firm said on Twitter. 
  • Rumor that the firm was planning to shut down over losses were unfounded, according to the trading shop. 

Jump Crypto said it's not shutting down. 

The trading firm, responding with a tweet to social media speculation of its imminent demise, said it wanted to "debunk a few things" because rumors were "flying around." 

"We believe we’re one of the most well-capitalized and liquid firms in crypto," the tweet said. "We are still actively investing and trading, so if you’re looking for funding, please get in touch." 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The firm is still actively investing and trading, according to the update, which concluded by adding, "if you're looking for funding, please get in touch."


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.

Editor

To contact the editors of this story:
Christiana Loureiro at
[email protected]
Larry DiTore at
[email protected]