Market Makers Jane Street and Jump Crypto Pulling Back from Crypto Trading in US

Market makers Jane Street and Jump Crypto are pulling back from crypto trading in the US as regulations tightened in the industry, Bloomberg reports.

According to a person familiar with the matter, the two firms haven't given up on crypto trading entirely. While retreating from the US, Jump Crypto still plans to expand internationally. Jane Street, however, is scaling back its global crypto expansion plans due to regulatory uncertainties.