Cumberland Crypto OTC Desk Reports Spike in Large-Scale BTC Trades Within One Hour By Cointelegraph


Cumberland, the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, reported a sharp, sudden spike in large-scale (BTC) transactions the evening of Monday, April 1. The company revealed the data in a tweet on April 4.

The series of thirteen orders that the trading desk tracked all exceeded 1,000 BTC (about $4.9 million at press time). Cumberland — which has been operating an over-the-counter (OTC) crypto trading desk since 2014 — noted in the tweet that:

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