Chicago-based trading firm Jump is reportedly under investigation by the Commodity Futures Trading Commission (CFTC) for its involvement in the cryptocurrency market. The CFTC is said to be looking into Jump’s trading and investment activities, according to a source familiar with the matter. Jump, known for its algorithmic and high-frequency trading strategies, launched its crypto division, Jump Crypto, in September 2021. The company became an active market maker and investor in the crypto space, supporting projects like Wormhole, Pyth, and Solana. However, Jump faced losses and controversies, including its role in the collapse of the FTX exchange and allegations of propping up Terra’s stablecoin. The U.S. Securities and Exchange Commission (SEC) did not charge Jump in its lawsuit against Terraform Labs. Nevertheless, Jump has scaled back its crypto activities and decided not to offer a spot Bitcoin exchange-traded fund. While the CFTC’s investigation does not indicate wrongdoing, it is unclear if charges will be filed against Jump.