Recently, the company acquired massive amounts of bitcoin through US Marshalls auctions. Now, it offers liquidity across 30 different digital assets against 500 currency pairs. The company claims to be the largest in the cryptocurrency crashing space, with volume coming straight to OTC desks during the recent crypto market crash. The company also acquired bitcoin through US Marshalls auctions, a move that may have prompted the recent crypto market crash.
DRW is a proprietary trading firm in the futures markets
DRW company Cumberland sees massive moves in the OTC market during the last week. The company, which is a subsidiary of DRW, said that the massive moves were indicative of how the market is reacting to major moves. The firm was founded in 2014 and has since become one of the world’s leading OTC desks. The massive moves were also evident in the volume of trading in Cumberland’s exchange.
The crypto market bloodbath erased substantial take-advantage over the last two weeks. According to Cumberland, a good part of the circulation on June 13 was liquidations. This is a sign that a large portion of leverage in the market has worn out. The company has also accused of liquidating positions in over-leveraged settings. Moreover, the crypto lending corporations have charged with monetary issues and liquidations.
It is one of the largest liquidity suppliers in the crypto market
Cumberland, part of DRW, is a leading cryptocurrency liquidity supplier. The company offers a broad range of crypto investing opportunities, including fee-free electronic trading. Its culture encourages innovation and rewards performance. It also boasts a 25-year history of success in global markets. With this experience, the company has well-positioned to continue providing top-tier liquidity to the cryptocurrency market.
The company is led by Bobby Cho, a veteran cryptocurrency trader with a long history of gravitating toward illiquid and hard-to-trade products. He began exploring the cryptocurrency market in 2013 and went on to become a Vice President at SecondMarket. In 2014, he became a Director at itBit, a crypto exchange. Cho then joined Cumberland Mining, one of the largest liquidity suppliers in the crypto market.
It is swamped with orders
Crypto market volatility has hammered digital currency markets, and over-the-counter buying and selling desks like Cumberland are swamped with orders. Cumberland, a subsidiary of DRW, reported on its Twitter feed that it processed more than 30% more orders on June 13 than on the year-to-date high on Could 13.
While the bilateral options market is still young, the volume of transactions is growing. Most of the volume is traded on the CME and Deribit exchanges. But Cumberland has a traditional finance background and a solid balance sheet. it’s still a tiny slice of the total Crypto Market Crash, according to industry participants. it has a growing portion of the total market for crypto options, which remains dominated by the CME and Deribit exchanges.
It is able to fill orders in multiple places
Using data science to identify optimal timing to buy and sell cryptos is one of Cumberland’s greatest advantages. While it may seem like a daunting task, the team at Cumberland has years of experience in markets around the world, and a culture of reward for results and championing ideas. During the crypto market, this can be an invaluable advantage. The following are the advantages of using Cumberland:
The firm offers liquidity for over 40 cryptocurrencies. It is part of a diversified principal trading firm, DRW, with 25 years of experience in markets. Other companies Cumberland partners with include Efficient Frontier, a crypto algorithmic trading firm that trades more than $100 million a day in both the spot and derivatives markets. Other notable partners include FBG, a blockchain-based capital market, and Galois Capital, which focuses on algorithmic market-making and OTC trading.
It has a fixed per cent interest rate
In the winter of 2018, investors may be considering investing in cryptocurrencies, but how should they do it? Cumberland Investment Management chief investment officer Chris Zuehlke discusses the pros and cons of cryptocurrencies and how investors can best protect their money. This video features some of Cumberland’s top investment strategies for crypto investors. You can watch it below. This video contains spoilers for the Crypto Market Crash.