Bobby Cho, head of DRW’s crypto business, is set to depart the firm

Bobby Cho, the man who helmed DRW's crypto trading operation, announced Wednesday that he is stepping down from the company.

Launched in 2014, Cumberland was one of the first instances of mainstream financial services entering the digital currencies market. "At that time, the market was still fairly quiet having just been in a bear market for all of 2015," Cho wrote in a Medium post about his exit.

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