JPEG Trading

JPEG Trading

About JPEG Trading

JPEG Trading is a global proprietary trading firm specializing in high-frequency trading and market making across cryptocurrency and decentralized finance markets.

JPEG Trading partners with asset issuers across every stage of their lifecycle.

JPEG invests from its own balance sheet, focusing on DeFi protocols and asset issuers. To date we have backed around 50 companies, including:

Plume NetworkUsualTenbin LabsCapConcrete

We bring broad technical, financial and go-to-market expertise, plus the tribal knowledge that comes from helping grow many products and issued assets across our portfolio. We take an active and aggressive approach to supporting our portfolio companies.

Once an issuer has created a new asset and it passes our diligence, we can underwrite lending markets against it on a range of lending protocols and curate the vaults ourselves. We hold exposure to what we curate, so our underwriting is backed by our own capital.

We have been in the room for many launches across our portfolio. We help teams prepare for the moment their asset meets the market: sequencing, venue readiness, market structure and a liquidity plan for day one.

JPEG is an expert liquidity provider across centralized and decentralized exchanges. We help asset issuers identify and fix their liquidity problems, unlocking product growth and a broader holder base.

Founders

JPEG Trading's founders entered cryptocurrency and algorithmic trading in 2017 after discovering the Bitcoin whitepaper. Scientists by training, both dropped out to pursue crypto and blockchain early on, have worked together ever since, and officially founded JPEG Trading in early 2024.

Kevin March

Kevin March

Cofounder

kevinmarch.xyzLinkedInX

John Peurifoy

John Peurifoy

Cofounder

LinkedInGoogle ScholarX

Team

JPEG Trading is a global, 24/7 team spread across North America, Asia, Europe and the Caribbean.

We work desperately hard to find smart, curious and kind people, and that is the composition of our team. We avoid institutionalization and the people who thrive in it.

The team is flat: no committees and very little management. Whoever has the idea, or finds the problem, is the one who implements the solution. We have a strong draw toward startup founders, product builders and people who think things through from first principles.

Where our team comes from

  • MIT
  • Floating Point Group
  • Bank of America
  • Google
  • Amazon
  • Microsoft
  • MIT Lincoln Laboratory
  • 1Password
  • Sola

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