Clients of Cumberland DRW – a prominent liquidity provider in digital assets – can now trade crypto denominated in Canadian dollars., will reduce friction and simplify the transaction process for its trusted large institutional customers.registered Canadian crypto trading platform BitBuy to increase liquidity on that exchange’s crypto asset marketplace. Cumberland needed the capability to transact crypto in Canadian dollars if it is to offer crypto liquidity to Bitbuy.
“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to the Canadian dollar. “It will be interesting to see if the entry of a major global player like this impacts Canadian dollar pricing out to end retail customers as we still pay a significant spread in Canada,” he added.
bitbuy Congratulations!!!! I hope for a great win win situation for cumberland and bitbuy as regulated exchange. Furthermore for the future if bitbuy is launching international
bitbuy why is it you sell crypto for more than its worth and sell below? . I have been hosed a few times. Just tiny trades but still this company has gotten me for over 30 dollars and I only been playing with 170, that is a huge percentage
The new partnership between Cumberland DRW and BitBuy is great news for Canadian crypto traders. Being able to trade in their own currency will provide them with greater convenience, ease
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