Cryptocurrency trading company Cumberland has obtained a BitLicense in New York

2024-06-18 08:06:17

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ChainCatcher news, according to CoinDesk, digital asset trader and liquidity provider Cumberland DRW announced on Monday that the New York State Department of Financial Services (NYDFS) has granted it a virtual currency license, BitLicense.

It is reported that Cumberland is a subsidiary of the high-frequency trading firm DRW based in Chicago. Earlier this year, Fidelity chose Cumberland to trade Bitcoin for its Bitcoin spot ETF.

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