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TechFlow news, according to CoinDesk, Cumberland DRW, a digital asset trader and liquidity provider, announced on Monday that it has been granted a virtual currency license, BitLicense, by the New York State Department of Financial Services (NYDFS).
Cumberland, a subsidiary of Chicago-based high-frequency trading firm DRW, was selected earlier this year by Fidelity to buy and sell bitcoin for its spot bitcoin ETF.
According to CoinDesk, Cumberland DRW, a digital asset trader and liquidity provider, said Monday that it has been granted a virtual currency license (BitLicense) by the New York State Department of Financial Services (NYDFS). Cumberland is a subsidiary of Chicago-based high-frequency trading firm DRW. Earlier this year, Fidelity selected Cumberland to buy and sell bitcoin for its bitcoin spot ETF.
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