Auto Added by WPeMatico

SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as…

Continue ReadingSEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales

Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data…

Continue ReadingInstitutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales

Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services

According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial…

Continue ReadingCumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services