Anchorage Digital informed on the reduction of 75 positions (20% of the state). The regulated crypto bank explained the decision by the need to adapt to changing economic, market and supervisory conditions.
According to the statement, the changed operating landscape is characterized by increased regulatory uncertainty, macroeconomic challenges and crypto market volatility.
The restructuring will allow to focus on priority areas and meet the growing demand for the creation of regulated solutions.
The company emphasized the sustainability and development of the business, noting the record high volume of client funds in custodial storage.
Cryptobank offers storage, staking, lending and trading of digital assets, as well as infrastructure solutions.
The organization is licensed by the Office of the Comptroller of the Currency of the US Department of the Treasury.
In June 2022, Anchorage Digital announced the launch of Ethereum staking for institutional investors.
In October, the crypto bank became a partner of Apollo Global Management. Together they launched a service for storing cryptocurrencies.
Recall that since the beginning of the year, Microsoft laid off about 10,000 people. Payments company PayPal has cut 2,000 employees, or roughly 7% of its staff.
According to a report from CoinGecko, 2,806 people lost their jobs in the digital currency industry in January. 84% of the layoffs came from cryptocurrency exchanges.
Earlier cuts were reported by Coinbase, ConsenSys, Genesis Trading, Blockchain.com, Gemini, Luno, Matrixport, Chainalysis, Bittrex, Messari and a number of other companies in the sector.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Anchorage Digital informed on the reduction of 75 positions (20% of the state). The regulated crypto bank explained the decision by the need to adapt to changing economic, market and supervisory conditions.
According to the statement, the changed operating landscape is characterized by increased regulatory uncertainty, macroeconomic challenges and crypto market volatility.
The restructuring will allow to focus on priority areas and meet the growing demand for the creation of regulated solutions.
The company emphasized the sustainability and development of the business, noting the record high volume of client funds in custodial storage.
Cryptobank offers storage, staking, lending and trading of digital assets, as well as infrastructure solutions.
The organization is licensed by the Office of the Comptroller of the Currency of the US Department of the Treasury.
In June 2022, Anchorage Digital announced the launch of Ethereum staking for institutional investors.
In October, the crypto bank became a partner of Apollo Global Management. Together they launched a service for storing cryptocurrencies.
Recall that since the beginning of the year, Microsoft laid off about 10,000 people. Payments company PayPal has cut 2,000 employees, or roughly 7% of its staff.
According to a report from CoinGecko, 2,806 people lost their jobs in the digital currency industry in January. 84% of the layoffs came from cryptocurrency exchanges.
Earlier cuts were reported by Coinbase, ConsenSys, Genesis Trading, Blockchain.com, Gemini, Luno, Matrixport, Chainalysis, Bittrex, Messari and a number of other companies in the sector.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
