Jump Trading Invests Unknown Sum into Fan Token Issuer Chiliz

Jump Trading, a company known for high-speed trading and market-making services, has made an undisclosed equity investment into the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based fan token issuer, Chiliz.

Announced on Wednesday, the two companies inked a partnership deal to help Chiliz scale its business and expand the fan token ecosystem globally.

“Securing backing from a global trading firm of this stature is a great achievement, providing a massive platform upon which we can continue our mission to build Fan Tokens into a multi-billion dollar digital asset class for sports and entertainment,” Chiliz CEO, Alexandre Dreyfus said in a statement.

Crypto for the Loyal Sports Fans

Though Bitcoin often receives the limelight of the mainstream, many blockchain projects are growing exponentially with their services in a particular niche. Chiliz, which was established in 2018, has brought blockchain technology to the world of sports.

The Malta-based company is issuing fan tokens of the sports clubs and teams, giving exclusive access to loyal fans. The company already inked deals with 24 sports, including giants like FC Barcelona, Paris Saint-Germain, AC Milan, Juventus and Manchester City.

The company now has further plans to expand into other continents and already announced a $50 million expansion plan into the United States to target the 5 major sports leagues in the country.

“We have taken great strides forward of late, but this is still very much early days for us in terms of fully developing the new asset class we have created. However, with many more leading partners ready to join our ecosystem, major marketing campaigns set to be rolled out, and increased Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term we can consolidate our position as the leading crypto venture for sports and entertainment and as one of the most mainstream blockchain-powered businesses in the world,” Dreyfus added.

“Jump Trading investing in the sports crypto space is a recognition for us and of the industry, that this market is just at its beginning.”