🎉Cumberland, a crypto trading firm, has been granted a BitLicense by the New York State Department of Financial Services (NYDFS), joining the exclusive club of 33 licensed firms. Despite some critics suggesting the BitLicense stifles innovation, Cumberland plans to foster "strong trading relationships with institutional New York counterparties". This comes as NY authorities pursue a case against Genesis Global Trading and Gemini for alleged investor fraud. Meanwhile, Cumberland continues to trade BTC for Fidelity's spot Bitcoin ETF, proving that not all heroes wear capes, some trade crypto! 😎