TradeBlock Now Powering Cumberland OTC Trading Operations

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May 23, 2016 (New York) – 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.

Cumberland Logo White - May 2016_v2

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.

TradeBlock Professional clients benefit from a number of features, including robust trade management tools, seamless wallet integrations, KYC/AML automation, accounting tools, and exportable records, all on top of the world’s most powerful suite of market and blockchain data.

Mike Komaransky, Head of Trading at Cumberland said, “From post-trade processing to the very robust XBX index, TradeBlock has solved difficult issues and helped our trading desk focus on providing liquidity to our counterparties in the bitcoin and ether markets.”

Ishan Singh, Director of Analytics & Accounts at TradeBlock said, “Today’s announcement marks another key milestone in our partnership with the Cumberland team and we’re excited to expand our platform solutions to Cumberland and its clients, building on the strong momentum thus far in 2016.”

For more information about Cumberland’s trading services, email contact@cumberlandmining.com or visit www.cumberlandmining.com.

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