According to CoinDesk citing sources, Robinhood Markets Inc., a retail brokerage firm, entered the cryptocurrency field a few years ago with the support of Chicago-based giant Jump Trading. The two companies no longer have a cryptocurrency partnership.

Robinhood's free crypto business relies on market makers to keep its billions of dollars in trading volume running smoothly. However, according to reports, Jump has withdrawn from the US market due to increased regulatory scrutiny.

Sources revealed that since the fourth quarter of 2022, Robinhood's financial reports have not mentioned Tai Mo Shan Limited (Jump's subsidiary responsible for processing Robinhood's order flow). Instead, according to publicly filed documents submitted to the SEC, the listed brokerage firm is partnering with competing market makers, including B2C2, which currently handles most of Robinhood's crypto business.