Jump Crypto Denies Rumors It Intends To Pull Out Due To FTX Losses

According to Jump Crypto, the company is "one of the most capitalized and liquid companies in crypto."

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Jump Crypto, a division of Jump Trading Group, has denied rumors circulating online that it intends to terminate its operations due to its exposure to FTX losses.

According to a tweet shared by the company on November 17, "Jump Crypto does not stop. We believe we are one of the most capitalized and liquid companies in crypto. adding that I am still in the field of "investment and trading".

Given the rumors circulating, we want to demystify some things.

Jump Crypto doesn't stop. We believe we are one of the most capitalized and liquid companies in the crypto industry.

We are still actively investing and trading, so if you are looking for funding, please contact us.

— jump_crypto (@jump_) November 17, 2022

In a November 12 tweet, the crypto firm said it was shocked by the events unfolding with FTX and assured its clients that its "exposure to FTX was managed in accordance with our risk framework and that we let's stay well capitalized".

1/ We, like all of you, were shocked by the events that took place last week. Jump's exposure to FTX has been managed in accordance with our risk framework and we remain well capitalized.

— jump_crypto (@jump_) November 12, 2022

Despite Jump Crypto's denial, the FTX collapse and its fallout have left the crypto community skeptical. Market analyst Knower shared in a tweet: "Jump crypto will literally tweet that they are fine and not stopping but 157 responders and threadooooors will still claim they are lying (because SBF said the same )."

Jump crypto will literally tweet that they are fine and not stopping, but 157 respondents and threadooooors will still claim they are lying (because SBF said the same thing) Starting to think people on Twitter just want to watch the world burn and don't care about crypto

— knowerofmarkets (@knowerofmarkets)