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Jump Trading Appoints Startup Founder to Lead Its Hash Rate Trading Department

44 minutes ago

According to Bloomberg, market maker Jump Trading has hired the founding team of a computing power trading startup. As the artificial intelligence boom drives growth in related markets, market makers are gradually entering this emerging asset class. In a post on X, Ito Markets stated that Jump Trading has brought in Affaan Mustafa and Alejandro Soumah Fernandez, founders of Ito Markets Inc., via an "acqui-hire" arrangement. Ito Markets is a proprietary trading startup focused on trading computing power usage rights. The two have joined Jump Trading and will lead the newly established computing power trading division. The financial terms of the deal have not been disclosed.

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