THELOGICALINDIAN - Serum may aloof accomplishment 2024 as the better noncustodial crypto exchange
FTX’s new non-custodial crypto exchange, Serum, mobilized Jump Trading to accommodate clamminess on the exchange. This move ensures Serum has the clamminess to calibration acceptance to a added audience.
Market Making Giants on Serum
The affairs of Serum’s success, a DEX on Solana, are convalescent by the day. In the latest, he beginning crypto barter roped in one of the top bazaar makers in crypto.
Jump Trading, a 20-year-old trading firm, has invested in Serum and will advice accomplish markets on the arising DEX.
Jump Trading is a reputed name in banking markets and one of the better traders on the Chicago Mercantile Exchange (CME). The aggregation has been tight-lipped and doesn’t aboveboard acknowledge abundant advice afar from authoritative filings. However, it’s a acclaimed actuality that Jump is one of the best alive bazaar makers in crypto.
Its adventure arm, Jump Capital, additionally has a attendance in crypto markets with investments in BitGo and Curv.
The DEX is additionally backed by Alameda Research – addition market-making assertive in the crypto market.
Since Serum is an orderbook-style exchange, beyond traders may feel added adequate there as against to automatic bazaar makers like Uniswap and Balancer.
Coupled with two of the space’s better bazaar makers abutting armament on Serum, there is a 18-carat adventitious the DEX becomes a top crypto trading venue. Solana’s aerial throughput will put non-custodial trading on par with the acceleration of centralized exchanges.
Whether DEX traders will move from Ethereum to Solana charcoal to be seen. But one affair is certain: clamminess woes will be baby to non-existent on Serum.
