Cumberland, a crypto trading firm, has been granted a NY BitLicense, placing it among 33 licensed companies in New York state authorized to offer cryptocurrency services.
[COINDESK] Crypto Trading Firm #Cumberland Acquires New York's #BitLicense
Crypto trading firm @CumberlandSays said it has acquired New York's virtual currency license BitLicense. @sndr_krisztian reports https://t.co/if6k33RCPD
Cumberland, a crypto trading firm, has been granted a New York BitLicense by the New York State Department of Financial Services. This license allows Cumberland to offer institutional and over-the-counter (OTC) cryptocurrency services, bolstering its service offerings. With this acquisition, Cumberland joins 33 other companies authorized to provide cryptocurrency services in New York state. The firm expressed its commitment to working with regulators to ensure compliance and alignment with regulatory standards. The BitLicense is New York's virtual currency license.
