Jane Street, a leading Wall Street trading firm, reported net revenues of approximately $7.2 billion in the first quarter of 2025, marking a 65% increase and continuing its trend of outpacing traditional banks like Morgan Stanley. For the full year 2024, Jane Street generated $20.5 billion in net revenues, capturing over 10% of the North American equity market share and surpassing competitors such as Citadel Securities, which reported $9.7 billion. The firm's growth was notably driven by a more than threefold increase in cryptocurrency trading during 2024, supported by the rise of bitcoin ETFs and a market rebound. This surge in crypto trading was also influenced by expectations of friendlier regulations under the Trump administration. Jane Street's 2024 profits exceeded the combined earnings of global AI startups, highlighting the strength of quantitative trading strategies.