“Under the terms of our agreement, on November 16, we notified them that we were surrendering our cash collateral and liquidating their crypto to close out the loan,” Cumberland said. R...
Tag: DRW
FTX collapse to trigger structural change in crypto markets, away from centralization
The collapse of FTX last week will trigger significant market structure changes, namely moving away from a model of all-in-one platform centralization, crypto trading firm Cumberland said. The v...
ETH’s correlation to the Nasdaq creates problems for crypto-native traders
Correlation between ether (ETH) and the Nasdaq composite is closing in on highs reached in May of this year, affecting crypto-native traders. The high correlation between ether and the Nasdaq has made...