News from Planet Daily Jump Crypto’s president, Kanav Kariya, stated in an interview that the company has not experienced a liquidity difficulty and that it is continuing to hire with no plans to lay off employees. Jump Crypto now employs around 150 people.
Jump Crypto, according to Kariya, will become stronger when Crypto’s flaws are ironed out. Jump’s strategy hasn’t altered, he said, regardless matter whether the market is bullish or bearish.
When asked this week if Jump Crypto’s near-term goals had been impacted by the recent market upheaval, Kariya indicated they had not. As the crypto market value begins to decline, he said, “we are still growing and looking for investment possibilities in the future weeks.”
- “We will continue to invest heavily in crypto over the next few years,” Kariya said, saying he and his team are undeterred. “Overall, I feel a lot more positive. If we lose faith, it’s going to grind to a halt.”
Jump Crypto has already been involved in the Terra saga, as the company has been a supporter of Terra since 2019. LFG announced the conclusion of a $1 billion fundraising in February of this year. The LUNA tokens were sold over the counter (OTC) to complete this round of funding. Republic Capital, GSR, Tribe Capital, DeFiance Capital, and others joined in the investment, which was led by Jump Crypto and Three Arrows Capital.
Jump Crypto’s support has generated a false sense of trust in Terra on social media and in the marketplace. Others thought that the corporation sustained substantial losses as a result of the UST disaster. Jump officials declined to comment on Terra or Luna in repeated interviews, other than to indicate that Jump Crypto held Luna tokens and bought UST. Jump wouldn’t say whether it made money from Luna before UST separated. According to Bloomberg
