At Cumberland, we value the close relationship we have with our counterparties and aim to stay at the forefront of industry developments to provide a best-in-class trading experience. The crypto market is maturing at a rapid pace, and it’s been exciting to see traders start to utilize increasingly sophisticated strategies to express views and hedge positions within the crypto markets.

In response to the overwhelming demand from counterparties to diversify their trading strategies, Cumberland has expanded its product suite to include trading of bespoke crypto options, in a number of coins, on a bilateral basis.

In launching this new offering, counterparties will benefit from DRW’s 30 years of proven success trading and risk-managing options in the traditional markets. We’re excited to couple this traditional expertise with our deep crypto knowledge to provide an additional trading strategy to complement our exchange-traded crypto options and non-deliverable forward (NDF) offering.

“We believe this is the right time to offer counterparties the ability to trade a variety of crypto options with our firm. We know there is significant demand from our counterparties to utilize this type of product in this emerging asset class, and we are confident we can deliver a superior trading experience grounded in our decades of derivatives experience.”

Learn more about Cumberland’s product offerings.