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Jump Trading makes equity investment in sports fan token ecosystem Chiliz

Chicago-based high-frequency trading firm Jump Trading has made an equity investment in sports fan token platform Chiliz.
Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas — has been engaged for some time in the cryptocurrency space, alongside its wider activities in global futures, options and equities markets. The firm specializes in algorithmic and high-frequency trading strategies and has reportedly been market making for Chiliz’s tokens since early 2021.Chiliz’s year so far has been a bullish one, with its native token, CHZ, hitting all-time highs in the spring of this year and many of its associated sports club fan tokens seeing major gains during the same period. Speaking to Cointelegraph, Chiliz CEO Alexandre Dreyfus said:“The support of Jump Trading into the Chiliz and fan tokens ecosystem is a recognition for the sports crypto space […] It is also an interesting move, as we firmly believe that fan tokens are a much, much, bigger market than NFTs and digital sports collectibles.”Dreyfus said that Chiliz is focusing on building out the technology platform and providing utility for sports fan token holders through its consumer-facing Socios.com mobile application. “Having the support of Jump Trading for the liquidity and network effect of our marketplace is definitely a big upside. Their expertise and resources will help us and clubs to grow this …
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