Operating as a market maker in the cryptocurrency market, Cumberland said that the important thing in cryptocurrencies is volume, not volatility.
Cumberland tweeted on October 18. in sharingHe stated that despite the declines in the cryptocurrency market, the volumes are in very good shape. Stating that there are about 50 billion dollars of Bitcoin transactions every day, excluding Spot, the company said that the daily transaction volume in the crypto money market It could be over $100 billion guesses. This is approximately the same as US stocks. It equates to 20%.
Stating that the bear market in 2018 and the current market are different, the company said that the volumes of the bear market we are in are at “terrible” levels. Comparison with 2018 it’s not true implied. Also, Cumberland for Bitcoin volumes “shows that a large and growing market is in balance.” made statements.
Cumberland, the crypto leg of Chicago-based trading giant DRW, has been skeptical because Bitcoin has been moving in a small range for a long time. very low volatility stated.
