digital asset banking
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Anchorage Digital Lays off 75 Employees, but Anchorage Digital Bank Remains Unaffected
On March 15th, Anchorage Digital announced today that it would lay off 75 employees. However, a spokesperson for the company said that its digital asset banking subsidiary, Anchorage Digital Bank, which is regulated by the United States Office of the Comptroller of the Currency, would not be affected by the layoffs, and that customer assets would not be at risk due to the recent failures of the crypto friendly banks Silvergate Bank and Silicon Valley Bank. Anchorage Digital: Banking subsidiaries will not be affected by layoffs Analysis based on this information:Anchorage Digital, a leading cryptocurrency custody and trading platform for institutional investors, has announced that it will let go of 75 employees. However, the company has ensured that its digital asset banking subsidiary, Anchorage Digital Bank, which is regulated by the United States Office of the Comptroller of the Currency (OCC), will not be impacted by the layoffs. Moreover, the spokesperson stated that Anchorage Digital Bank will continue to provide…
