what's Cumberland?

Cumberland is a premier liquidity provider for institutional investors in the cryptoasset markets. Established in 2014 as a subsidiary of DRW, a principal trading firm with decades of expertise in risk management and technology, Cumberland delivers 24/7 deep liquidity across a wide range of products. These include spot trading in dozens of cryptocurrencies and stablecoins, listed options and futures via block trades, bilateral over-the-counter (OTC) crypto options, and non-deliverable forwards. The firm operates globally from hubs in Chicago, Montreal, Singapore, Greenwich, Toronto, and London, offering access through voice markets, electronic platforms like Marea for real-time streaming prices, and APIs for programmatic trading. Cumberland partners with major institutions such as Goldman Sachs and Nomura, facilitating their entry into crypto while emphasizing responsible ecosystem growth through investments in innovative technologies and projects.

Cumberland withdrew 46,620 ETH ($98.8M) from exchanges over 16 hours, ending March 5, 2026.