Cryptocurrencies
Crypto Never Sleeps. Now DRW's Big Trading Desk Doesn't Either
- Firm says it’s first to offer non-stop buying and selling
- Singapore expansion allowed for overnight U.S. coverage
Bitcoin: What’s Coming in the Year Ahead
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Much like the market where it trades, the cryptocurrency desk at DRW Holdings LLC is going non-stop.
Its Cumberland division will now buy and sell Bitcoin, Ether and about 30 other cryptocurrencies 24 hours a day, seven days a week, lead trader Bobby Cho said in an interview. A November expansion in Singapore allowed Chicago-based Cumberland to do business with customers non-stop on weekdays, but demand didn’t cease on Saturdays and Sundays, he said.