Jump Trading Expands Global Presence with Vienna Stock Exchange Listing

The Vienna Stock Exchange has added Jump Trading
Europe B.V. as its newest international trading member. This move marks a
significant addition to the exchange’s list of members, now totaling 70, with
21 Austrian and 49 international banks and securities firms in its network. Jump Trading has branches in Amsterdam, Bristol, London, and Paris.

Christoph Boschan, the CEO of the Vienna Stock
Exchange, mentioned: “We welcome Jump Trading to the Vienna Stock Exchange
and are pleased to further strengthen our global reach. The majority of the
trading turnover is generated by international trading participants.”

According to the press release, over 85% of the equity
turnover on the Vienna Stock Exchange is attributed to international trading
members. Notably, Germany, France, and Ireland contribute the
most significant shares of turnover, with the top trading participants in 2023
including Morgan Stanley, Goldman Sachs, and JP Morgan Securities.

Welcome @jumptrading on the Vienna Stock Exchange! As of today, the global #research and #technology-driven trading firm will participate in #trading at #WienerBoerse. 📈 More details in our press release: https://t.co/eVucA5ImcM#stockexchange #capitalmarket pic.twitter.com/VYDv2bI0fq

— Wiener Börse AG (@wiener_boerse) March 15, 2024

Jump Trading’s listing on the Vienna Stock Exchange is aimed
at tackling regulatory scrutiny in some of its global markets. Last year, Robinhood severed
ties with Jump Trading, signaling a potential exit from the crypto sector in the
US. This move happened amidst growing regulatory scrutiny and Robinhood’s
re-evaluation of its crypto offerings.

Jump Trading’s Withdrawal from US Crypto Trading

Jump Trading, once a key partner for Robinhood’s
crypto trading, decided to step back from the US crypto market. This decision
followed a wave of regulatory crackdowns in the industry, prompting several
major players to reassess their involvement in digital assets. Unlike traditional crypto exchanges, Robinhood relies on
market-making firms like Jump Trading to facilitate commission-free crypto
trading.

The dissolution of the partnership with Jump Trading happened at a pivotal time for Robinhood, as the company grappled with declining revenue
from crypto trading. In the second quarter of 2023, Robinhood’s crypto revenue dropped by 18%,
reflecting broader challenges in the industry.