XCAD Network Receives Series A Funding via Major Strategic Partnership with Jump Trading
December 17th, London — XCAD Network is pleased to announce they have completed Series A funding from one of Wall Street’s major players, Jump Trading.
As well as investing, Jump Trading will be helping to build XCAD into a top asset in the space, via exchanges, partnerships, further liquidity and more.
Who is Jump Trading?
Jump Trading, headquartered in Chicago, with offices worldwide and 800+ employees, is a major global trading firm, active in futures, options and equities markets globally. Jump Trading have made similar investments to the one we are now announcing, in many notable projects, such as Chiliz ($CHZ) and Solana ($SOL). They are one of the biggest liquidity providers in the world for the Cryptocurrency market.
Jump has emerged as a major player in Cryptocurrency space, since the birth of six-year-old digital asset division, Jump Crypto. They offer liquidity to markets, act as a market maker and execute trades for Robinhood Markets Inc.’s customers, as well as other major T1 exchanges in the Cryptocurrency space, to which they are heavily connected with.
The Partnership & Investment
Jump Trading provides liquidity for major assets within the space and will be adding liquidity to XCAD on current and upcoming exchanges. Extra liquidity enables bigger trades to be placed, both buys and sells, without having as much price impact. This will make XCAD a much more attractive asset to trade for traders. Furthermore, Jump will be providing liquidity for XCAD’s fan tokens on any centralised exchanges they may be listed on. Fan tokens can only be listed on exchanges with XCAD Network’s approval via an exchange partnership.
Jump will be focused on expanding XCAD to new audiences within the Cryptocurrency space via their strong network of Tier 1 exchanges & partners. The undisclosed investment will provide XCAD with the additional funding to scale and grow. Thanks to the major investment, XCAD’s expansion plans have now been expedited, and we are able to scale at a faster pace.
A quote from our CEO
“We have the biggest names in YouTube, now we have one of the biggest names in the investment world. We’re very excited to have major backing from Jump Trading, and believe they will help to shape us into a major player in the Crypto space. What they have been able to achieve with other projects is incredible. Hopefully now people will start to see the direction we are heading with XCAD, and we look forward to sharing more major partners with the community soon”