Crypto Trading Is Heading for the Fringes After Flirting With Mainstream

(Bloomberg) -- First the crypto lenders imploded, then the industry’s second-largest exchange collapsed. Next to go were the crypto-friendly banks. In the latest blow, major trading firms — the players responsible for the market’s plumbing — are now retrenching.Most Read from BloombergWall Street Fears $1 Trillion Aftershock From Debt DealDisney Drops Plan to Move Workers to Florida, Closes HotelSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant,

• 2023-05-19
• Jane Street market makers Michael Safai trading firms Jump Trading Bitcoin trading

Jane Street and Jump Moving Away from Crypto

The crypto industry in the US is facing increased regulatory pressure, which has led some of the top market-making firms to scale back their trading activities.

• 2023-05-10
• Jane Street Jump Crypto Bloomberg regulatory pressure Jump Trading

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.

• 2023-03-11
• Silvergate Bank Silicon Valley Bank Federal Reserve System Circle USDC Flagstar Bank New York Community Bank Citizens Trust Bank Customers Bank Jump Trading