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3232Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
https://www.digit.info/cumberland-says-financially-burdened-crypto-firms-are-hanging-over-the-market-like-a-cloud/
Wed, 06 Jul 2022 20:30:35 +0000https://www.digit.info/2022/07/06/cumberland-says-financially-burdened-crypto-firms-are-hanging-over-the-market-like-a-cloud/Read more]]>Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to stressed entities is “hanging over […]
]]>Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
https://www.digit.info/cumberland-sees-massive-otc-moves-during-crypto-market-rout-most-volume-weve-seen-this-year/
Sun, 19 Jun 2022 18:35:06 +0000https://www.digit.info/2022/06/19/cumberland-sees-massive-otc-moves-during-crypto-market-rout-most-volume-weve-seen-this-year/Read more]]>During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume […]