Jump Trading acquires Certus One, the infra that powers Ethereum and Solana
Jump Trading, the trading and quant shop based out of Chicago, has announced that it has acquired the infrastructure firm Certus One as it makes its first acquisition in the crypto industry.
Though it is not a very famous company, it is one of the largest liquidity providers in the crypto industry, and it is reported that its VC arm, Jump Capital has invested in many major crypto companies like BitGo, BitSo, and others as well. Certus One is a very large provider of infrastructure services for major blockchains like Solana, Cosmos, and Ethereum and though the details of the deal have not yet been disclosed, it is expected that it would be a large deal for the company. Certus One was also involved in the launch of Wormhole which is a bi-directional bridge between Ethereum and Solana.
“Certus One is one of the most talented teams in the space and we are very excited to welcome [it] to the Jump family,” said Kanav Kariya, director of digital assets at Jump Trading Group. “This acquisition is an opportunity for us to supercharge our efforts to build in and contribute to space and we can’t wait to get going.”
Jump Trading has begun to reach out beyond trading services over the last few months and this is evident from its efforts to get involved with the Pyth network which is a Solana-based decentralized data project. Jump Trading has been active in convincing many financial firms to stream stock data into Pyth which will help the developers on the network to build their applications.
“Jump Trading Group has been the fastest moving institution in the space. They share our passion for contributing to and growing the ecosystem,” said Hendrik Hofstadt, founder of Certus One. “We’re incredibly excited to join forces with Jump and leverage their world-class talent and resources to drive forward our mission of advancing the state-of-art in decentralized finance.”
More companies and financial firms realize the growth in the crypto space over the last couple of years and that is why we are seeing big-ticket investments and acquisitions happening in this industry during this period as no one wants to be left behind during the next growth phase in the crypto ecosystem which is believed to be around the corner.