OTC trading: Cumberland reports buyers outnumber sellers

08 Jan, 2019
by Alberto Arnaldo
Trading
OTC trading: Cumberland reports buyers outnumber sellers

According to a tweet just published by Cumberland, OTC trading is skewed towards the buyers side in the last week. This signals a change of the previous balanced situation with the sellers.

Cumberland, a Chicago-based crypto trading unit of DRW Holdings LLC, has been in the news in the past when reporting on their OTC trading movements. In October, they were one of the first of their sector to report the takeover of the market by institutional investors.

Read more: Institutional money might have quietly stepped into the cryptocurrency market

The news come after the latest development of the OTC sector also had Cumberland involved, when they partnered up with VanEck and Genesis trading to launch a OTC price index.

Read more: VanEck partners with exchanges to launch OTC index

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Read more about: Trading Bitcoin (BTC)

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