2026 · Auditoría de evidencia

Cumberland (DRW) — proveedor de liquidez institucional

Cumberland is licensed in the US and UK for virtual currency activities. It holds tier 1 and tier 2 licenses across various jurisdictions. Self-measured claims regarding liquidity and business longevity are unverified by independent audits.

Cumberland crypto business of DRW Holdings, LLC (ultimate parent per own policy page). Entities named on own page: Cumberland New York, DRW Global Markets Ltd (UK agent), Cumberland International Trading Ltd (BVI), Cumberland Global Limited (Cayman), Cumberland SG Pte. Ltd. · no verificado · última comprobación 2026-09 · puntuación de evidencia 81/100

Licencia, leída en el registro

Regulador	Número de licencia	Jurisdicción	Nivel	Fuente
FCA (cryptoasset registration for UK agent DRW Global Markets Ltd)	746273	UK	tier-1	abrir fuente ↗
NYDFS (virtual currency business licence, Cumberland New York)	no verificado	US	tier-1	abrir fuente ↗
BVI FSC (Securities and Investment Business Act licence, Cumberland International Trading Ltd)	no verificado	British Virgin Islands	tier-2	abrir fuente ↗
CIMA (registration under Cayman Securities Investment Business Act, Cumberland Global Limited)	no verificado	Cayman Islands	tier-2	abrir fuente ↗

La clasificación por niveles usa la misma escala que el registro minorista: nivel 1 = supervisión tipo FCA/ASIC/CFTC, nivel 2 = tipo CySEC/FSC-Mauricio/MFSA, nivel 3 = registro offshore. Una licencia de nivel 2 es supervisión real sin fondo de compensación al inversor: nunca la confundas con la protección de nivel 1.

A qué se compromete la firma

Afirmaciones lo bastante concretas como para refutarlas, y las que siguen siendo mediciones propias del proveedor.

Afirmaciones comprobables

Own policy page states: 'Cumberland New York is licensed to engage in virtual currency business activity by the New York State Department of Financial Services'; 'Cumberland's agent in the UK, DRW Global Markets Ltd, is registered as a cryptoasset firm with, and authorized by, the Financial Conduct Authority'; 'Cumberland International Trading Ltd. is licensed by the British Virgin Islands (BVI) Financial Services Commission under the BVI Securities and Investment Business Act'; 'Cumberland Global Limited is registered with the Cayman Islands Monetary Authority under the Cayman Islands Securities Investment Business Act'; member of ISDA; and 'DRW Holdings, LLC is the ultimate parent company for the entities in the Cumberland Group' (cumberland.io/policy, checked 10 Sept 2026)
FCA register bulk-extract lists DRW GLOBAL MARKETS LTD, FRN 746273, Authorised (LEI 549300JVXT0U42UPXE36) — the UK agent named on Cumberland's own policy page

Afirmaciones que no podemos verificar desde fuera

'Deep, reliable liquidity' and 'one of the longest-standing crypto liquidity businesses' characterisations come from partner releases (Wyden, GCEX), not audited figures
DRW Holdings, LLC 'LT Rated by Moody's and S&P' appears on the own policy page without the ratings themselves being published

Perímetro y cobertura

Clases de activos	Centros de datos	Conectividad	Clientes aceptados	Rechazados expresamente
Crypto OTC spot, Digital-asset derivatives market making, Institutional crypto liquidity via integrations (GCEX XplorSpot, Wyden network)		API (OTC), Third-party distribution integrations (GCEX, Wyden)	Banks, Brokers, Institutional crypto clients (per partnership releases)

Una firma que publica su propio espacio negativo —a quién rechaza, dónde no tiene licencia— es mucho más fácil de analizar que una que no lo hace. Aquí la lista de rechazos se trata como información publicada, no como un defecto.