Overview
- Crypto.com posted a job listing for a quant trader to join an internal team that will buy and sell contracts tied to sports outcomes on its platform.
- The firm says the internal group operates across derivatives on its US venue and is fully disclosed to the Commodity Futures Trading Commission.
- Company disclosures state the team gets a three‑second head start on sports contracts but no pre‑access to proprietary data or customer order flow.
- The listing describes a mandate to maximize profits while managing risk and to provide liquidity that the company says will improve market depth.
- The move aligns the exchange with peers using in‑house or designated market makers, drawing conflict‑of‑interest concerns from critics who say this resembles a sportsbook.