• March 27, 2023


All the latest cryptocurrency news

Anchorage Digital to Layoff 20% of its Employees

ByLouis Adams

Mar 15, 2023
Reading time: < 1 minute

Anchorage Digital, which provides services for trading, storing, staking, and lending digital assets, and additionally offers infrastructure solutions, has declared the elimination of 75 jobs (20% of employees), citing the need to adjust to evolving economic, market, and regulatory conditions.

The altered climate includes amplified regulatory doubt, macroeconomic difficulties, and market volatility in crypto.

This restructuring will allow the company to center on essential areas and respond to the increasing need for regulated solutions.

They have highlighted the stability and growth of their business, mentioning the record-breaking amount of client funds stored in custodial services.