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Wall Street Giant Quietly Accumulating Six Small-Cap Crypto Assets in $75,000,000 Portfolio

November 07, 2020

A Wall Street trading firm is quietly buying up six small-cap digital assets en route to building a $75 million crypto portfolio.

Messari researcher Mason Nystrom reveals that Jump Trading, a trading firm specializing in algorithmic and high-frequency trades with 700 employees worldwide, is accumulating six Ethereum-based cryptocurrencies while flying under the radar.

“Jump Trading holds at least $75m in cryptoassets and is the 8th largest holder of COMP (Compound) tokens behind a16z and Polychain. Jump bought 47K COMP in the past 7 days!

Jump also holds KEEP (Keep Network), HXRO, NMR (Numeraire), OXT (Orchid), and MKR (Maker). Jump invested an undisclosed amount in Serum and owns 40m SRM (~$32m).”

Nystrom was able to find Jump Trading’s crypto holdings with the help of Nansen, an analytics platform that labels the owner of Ethereum addresses while tracking their activities.

In addition to the low-cap crypto assets, the Messari researcher discovered that Jump Trading also owns large-cap cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) along with utility tokens Binance Coin (BNB) and Huobi Token (HT).

While also using Nansen, Mason Nystrom showed that Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) owns Bitcoin, Ethereum, Filecoin (FIL), Maker, Compound, Celo (CELO), Orchid, Arweave (AR), Keep Network, and Handshake (HNS).

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