Jump Trading makes equity investment in sports Enthusiast token ecosystem Chiliz

Chicago-based high-frequency trading firm Jump Trading has created an equity investment in sport fan token platform Chiliz.
Blockchain-based sports system Chiliz has secured a equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC.  Jump trading — a proprietary trading firm founded 20 decades back by Chicago futures veterans Bill DiSomma and Paul Gurinas — has been engaged for some time in the cryptocurrency area, together with its broader activities in global futures, options and stocks markets. The firm specializes in algorithmic and Currency trading strategies and has reportedly been market producing for Chiliz’s tokens because 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 significant gains during precisely the same period.  Dreyfus explained that Chiliz is focusing on building out the tech platform and providing utility for sport fan token holders via its consumer-facing Socios.com cellular application.  “Together with the support of Jump Trading to your liquidity and community impact of our market is undoubtedly a big upside. Their experience and tools will help clubs and us to expand this business worldwide, since it’s a worldwide sport,” he said.This calendar year, in addition to onboarding new club partners such as FC Barcelona, AC Milan and Manchester City, Chiliz revealed plans for a 50-million growth to prepare an office in New York and also attempt to forge ties with all European leagues and sports franchises.  The business also has joined forces in a long-term strategic venture with cryptocurrency market Binance.  In late 2020, Binance declared that Chiliz fan tokens for Paris Saint-Germain (PSG) along with Juventus (JUV) soccer clubs could be showcased on its Launchpool platform.

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