TradeBlock now powering Cumberland OTC trading operations

TradeBlock now serves as the order management system and execution tool set for Cumberland Mining, an affiliate of principal trading firm DRW. Cumberland is a leading provider of liquidity in bitcoin and ether digital currency markets.

The growth of institutional digital currency trading has driven demand for a variety of products and services over recent years. In particular, the OTC digital currency market has flourished by offering a network of deep, instant liquidity directly between institutions and their counterparties. TradeBlock Professional provides a standardized toolset on top of TBConnect, the world’s leading inter-firm transaction network, helping bring the OTC bitcoin and ether markets into an organized and largely automated environment.