The battle for supremacy in cryptocurrency trading has intensified as some of Wall Street’s largest players start challenging digital asset specialists that already handle billions of dollars’ worth of transactions every day.
The most active traders and market makers in the nearly $3tn digital asset space include Alameda Research, B2C2, Cumberland and Genesis Trading, none of them well-known names in traditional financial markets.
But swiftly rising valuations this year have now drawn in trading houses that already dominate mainstream markets such as equities, currencies and futures. Jump Trading, Jane Street, Tower Research and Hudson River Trading, relative newcomers to digital assets, are now competing with crypto native companies to be the fastest and best.