Twelve weeks and $1 trillion ago, Kanav Kariya had a question for thousands of people gathering in Spain to glorify cryptocurrencies: “Who the f**k is Jump?”
This was before crypto broke bad and then unraveled to worse. Before the spectacular collapse of Luna and TerraUSD, the digital currency that was supposedly safely pegged to the dollar. Before Bitcoin plunged into a vicious bear market and people began whispering about a “crypto winter.”
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Before all that, Kariya, 26, was his relentlessly bullish self. Wearing flip-flops and an orange jacket, he regaled a conference in Barcelona about his crypto ambitions at Jump Trading, a normally hush-hush private firm that elbowed its way out of the hurly-burly Chicago commodities pits and into the “Flash Boys” realm of high-speed, electronic trading.
Today, despite everything, Kariya is...
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