Chiliz Now Receiving Investment from Jump Trading
As per the latest reports, Chiliz has managed to strike an investment deal with Jump Trading LCC. Chiliz is prominently known as a sports platform that is based on the blockchain network. It is yet to be confirmed as to how much amount has been invested by Jump Trading in the partnership that it has sealed with Chiliz.
Jump Trading LCC is a proprietary trading firm that is currently based in Chicago (USA). The trading firm was founded 20 years back by Paul Gurinas and Bill DiSomma who are the veterans from the Chicago futures pits.
Jump Trading LCC excels in the fields of equities, options, and global futures markets. For some time, the firm has reportedly been involved in several cryptocurrency-related activities. The observers and analysts have revealed that the firm is investing the same amount of resources and interests as it does in its primary fields of expertise.
Jump Trading LCC is known to be a highly sophisticated and technologically advanced as compared to its competitors. The firm is an expert when it comes to building strategies for high-frequency trading. One of the unique attribute of Jump Trading LCC is that it excels in the fields of algorithmic trading. At present, this service is only offered by some of the top and most high-end firms in the crypto-verse.
The sources have revealed that Jump Trading LCC has been collaborating with Chiliz since the beginning of 2021. The reason behind the collaboration between the firms is to carry out market making for the tokens launched by Chiliz.
Ever since the beginning of the year 2021, Chiliz has been experiencing a very blossoming time. It has been gaining a lot of adoption and profits when it comes to the growth of its native token. This is the reason why its token has also managed to hit an all-time high in the running year.
The name of the native token for Chiliz ha been dubbed as CHZ. On top of that, the clubs that had affiliated with the project have started reporting huge gains.
Alexandre Dreyfus, the CEO at Chiliz went ahead and shared his views about the recent partnership that has been formed between Chiliz and Jump Trading.
Dreyfus stated that ever since Chiliz’s launch, the firm has been after mainstream recognition. Now that Jump Trading LCC has decided to invest in Chiliz, it goes on to show that the Chiliz platform has finally gained attention.
He stated that now there is going to be a lot more adoption for the Chiliz platform and its fans tokens than there has ever been before. He also added that as per him, NFT market is very small as compared to the fan tokens industry but this sector only needs more attention.