Robinhood Markets Inc. is no longer doing crypto business with market maker Jump Trading, according to the publication CoinDesk, citing a person familiar with the matter.

Jump didn’t respond to requests for comment from Bloomberg News on the report. Robinhood declined to comment. Jump Crypto, the digital-assets unit of Jump Trading, had been pulling back from the US market as regulators cracked down on the industry.

Robinhood, the popular retail brokerage app that was early to embrace digital assets, no longer counts Jump as one of its top market makers from whom it derives revenue, filings show. Tai Mo Shan, an entity of Chicago-based Jump Trading, has fallen out of the list of major market makers that individually contribute in excess of 10% of total transaction revenues to Robinhood in the first six months of 2023, according to a recent filing. That’s a decline from 15% in 2021 and 3% in 2022.

Robinhood receives payments from market makers such as Citadel Securities for routing orders to them, powering its zero-fee trading offering.

Read: Robinhood’s Free Crypto Trades Powered by Chicago’s Jump Trading (2019)