Blockchain sports platform Chiliz closed an undisclosed investment from Chicago-based trading firm Jump Trading LCC.

Jump Trading is a proprietary trading company that was founded 20 years ago by Chicago futures veterans Bill Desoma and Paul Jurinas – for a while working in cryptocurrencies as well as broader activities in the futures, options and global equity markets the company specializes in algorithmic trading strategies And high-frequency and has reportedly been selling Chiliz tokens since early 2021.

The Chilean year has been bullish so far: its parent symbol, CHZ, has reached record lows this spring, and many associated sports club fan icons have scored major victories over the same period. Speaking to Cointelegraph, Chilean President Alexander Dreyfus said:

“Jump Trading’s support for the Chilean ecosystem and fan tokens is recognition of the sports cryptocurrency field […] It’s also an interesting feature because we believe fan codes are a much larger market than NFTs. And digital sports collectibles.”
Dreyfus said Chili’s is focusing on expanding the technology platform and providing tools for sports fans through its consumer-focused mobile app,

“Having support from Jump Trading for liquidity and network influence in our market is definitely a great asset. Their experience and resources will help us and the clubs develop this industry around the world as it is a global game.”

This year, in addition to new partner clubs such as Barcelona, ​​Milan and Manchester City, Chiles revealed $ 50 million expansion plans to open an office in New York and try to build relationships with the North American leagues. And clubs. Sports franchises. … …

The company also joined a long-term strategic partnership with the Binance cryptocurrency exchange. In late 2020, Binance announced that Chiliz Fan Tokens of the football clubs of Paris Saint-Germain (PSG) and Juventus (JUV) will be listed on the Launchpool platform.

Source: CoinTelegraph