Perbandingan terstruktur · terakhir diperiksa 2026-09
Cumberland (DRW)
Evaluate Cumberland's crypto liquidity against single prime brokers and multi-PoP setups for institutional clients.
Cumberland operates as a crypto OTC liquidity provider under multiple licenses, including tier 1 in the US and UK. While it claims deep liquidity and a long-standing presence, specific metrics are self-measured and not independently verified. Its tier 2 licenses in the BVI and Cayman Islands may limit certain operational aspects compared to tier 1 providers.
01
Lisensi, dibaca dari register
Klasifikasi tingkat memakai skala yang sama dengan register ritel: tier-2 berarti pengawasan nyata dan pemisahan uang klien, tanpa skema kompensasi investor — jangan salah baca sebagai perlindungan tier-1.
| Regulator | Nomor lisensi | Yurisdiksi | Tier | Sumber |
|---|---|---|---|---|
| FCA (cryptoasset registration for UK agent DRW Global Markets Ltd) | 746273 | UK | tier-1 | https://register.fca.org.uk/servlet/servlet.FileDownload?file=0150X000006gbb6 |
| NYDFS (virtual currency business licence, Cumberland New York) | belum terverifikasi | US | tier-1 | https://cumberland.io/policy |
| BVI FSC (Securities and Investment Business Act licence, Cumberland International Trading Ltd) | belum terverifikasi | British Virgin Islands | tier-2 | https://cumberland.io/policy |
| CIMA (registration under Cayman Securities Investment Business Act, Cumberland Global Limited) | belum terverifikasi | Cayman Islands | tier-2 | https://cumberland.io/policy |
Sumber: cumberland.io · buka sumber ↗
02
Buku perbandingan
Di mana model menang, di mana hanya bersaing, dan klaim mana yang benar-benar dapat diuji kontraktor.
Unggul di mana
- Banks needing OTC crypto solutions
- Brokers seeking reliable liquidity
- Institutional clients in digital assets
Hanya bersaing di mana
- Single prime brokers
- Multi-PoP providers
- Direct venue memberships
Klaim yang dapat diuji
- Own policy page states: 'Cumberland New York is licensed to engage in virtual currency business activity by the New York State Department of Financial Services'; 'Cumberland's agent in the UK, DRW Global Markets Ltd, is registered as a cryptoasset firm with, and authorized by, the Financial Conduct Authority'; 'Cumberland International Trading Ltd. is licensed by the British Virgin Islands (BVI) Financial Services Commission under the BVI Securities and Investment Business Act'; 'Cumberland Global Limited is registered with the Cayman Islands Monetary Authority under the Cayman Islands Securities Investment Business Act'; member of ISDA; and 'DRW Holdings, LLC is the ultimate parent company for the entities in the Cumberland Group' (cumberland.io/policy, checked 10 Sept 2026)
- FCA register bulk-extract lists DRW GLOBAL MARKETS LTD, FRN 746273, Authorised (LEI 549300JVXT0U42UPXE36) — the UK agent named on Cumberland's own policy page
Klaim yang tidak bisa kami verifikasi dari luar
- 'Deep, reliable liquidity' and 'one of the longest-standing crypto liquidity businesses' characterisations come from partner releases (Wyden, GCEX), not audited figures
- DRW Holdings, LLC 'LT Rated by Moody's and S&P' appears on the own policy page without the ratings themselves being published
03
Perimeter dan cakupan
| Kelas aset | Pusat data | Konektivitas | Klien yang diterima | Ditolak secara eksplisit |
|---|---|---|---|---|
| Crypto OTC spot, Digital-asset derivatives market making, Institutional crypto liquidity via integrations (GCEX XplorSpot, Wyden network) | API (OTC), Third-party distribution integrations (GCEX, Wyden) | Banks, Brokers, Institutional crypto clients (per partnership releases) |