Jump Crypto: market maker deal terms and record
Jump Crypto is the crypto arm of Jump Trading. FractureLabs sued it in 2024 over a 2021 DIO token loan; the court dismissed the case for lack of jurisdiction in June 2025, so the allegations were never decided on the merits.
Lawsuit dismissed, merits not decidedPublic deals on record: 1. · Official site
Profile
| Headquarters | Chicago |
| Founded | 2015 |
| Deal models | loan + exchange support |
| Notes | Major HFT firm. |
| Legal record | Sued by FractureLabs Oct 2024 over a DIO token loan; dismissed 4 Jun 2025 for lack of jurisdiction, merits never decided. |
Source: www.courtlistener.com, grade 4, checked 2026-09-13.
Public deals
Fracture Labs (DIO), 2021
| Structure | token loan + exchange escrow |
| Size | 10,000,000 DIO (~$500,000 at loan) |
| Option | not disclosed in complaint summary |
| Details | Separately 6,000,000 DIO (~$300k) sent to HTX, and $1.5M USDT posted by the issuer into an HTX holding account as a 180-day non-manipulation guarantee. |
| Outcome | Allegations only. The complaint (FractureLabs OU v. Jump Trading LLC, N.D. Ill. 1:24-cv-10249, filed 15 Oct 2024) alleged the loaned tokens were sold near the peak and bought back after a collapse. On 4 Jun 2025 the court granted Jump's Rule 12(b)(1) motion and dismissed for lack of jurisdiction; the merits were never decided and the case was terminated. |
| Source | Court docket, grade 5, primary document, checked 2026-09-13 |
How market-maker deals usually look
The industry default is a token loan plus a call option. Across about 40 public DAO deals, loans ran at 1% to 5% of circulating supply for 12 to 24 months, with the strike set 25% to 100% above the TGE price, median 50% (WuBlockchain and the Wallfacer deal tracker, grade 4). A second source puts loans at 0.5% to 2% of supply; we show both, because the market has no agreed norm.
Want to see what an option is worth to the desk? Try the option calculator, or read our sample term sheet review. How rarely launches disclose these deals at all: 4 of 57.
Offered terms by Jump Crypto or another desk? We put your term sheet next to the public deals, value the option and list the clauses to negotiate, in writing within 48 hours.
Allegations are reported as allegations, with the outcome where one exists. A written comparison against public data, not legal or investment advice. We take no money from market makers.