Key Points:

• Jump Trading is significantly increasing its workforce both in the U.S. and abroad after having reduced operations due to regulatory issues.
• The firm aims to enhance its trading volume in the cryptocurrency sector globally, according to insights from industry contacts.

Chicago-headquartered Jump Trading is revitalizing its cryptocurrency operations after a decline caused by regulatory scrutiny in the U.S. over the past two years. While still active in digital assets markets worldwide, the firm is gearing up to hire crypto engineers and plans to establish roles related to U.S. policy and government relations over time.

Previously, the anti-crypto stance from the U.S. administration, supported by regulators, posed challenges for the digital assets industry—an environment now shifting under Donald Trump’s guidance.

Jump was notably scrutinized following the collapse of the Terra Luna stablecoin and the FTX exchange, prompting a downsizing of its U.S. operations. As the firm looks to the future, it might explore opportunities within the burgeoning U.S. crypto ETF sector, where it has not yet made significant moves.

Jump did not provide comments upon request.

Read more: Jump Crypto Adds $10M to Industry’s U.S. Political War Chest, Raising PAC to $169M

Updates: Jump is not currently managing its trading in the U.S., focusing instead on research and development from its London base.