Cryptocurrency bank Anchorage Digital has decided to cut staff costs. The company will lay off 20% of employees – that’s 75 people. According to statementpublished on the company’s official blog on March 14, this will help you focus on important tasks.
2023 saw the closure of three major banks – and the second-biggest bank failure in US history – along with the continuation of the crypto winter, which brought many problems to the entire cryptocurrency ecosystem, from crypto companies like Dapper Labs and Huobi to real giants like Coinbase .
Anchorage Digital is the only federally licensed crypto bank in the United States. He holds a license from the Office of the Comptroller of the Currency (OCC) in January 2021. The list of his investors includes Kraken, Andreessen Horowitz, KKR and others. The bank’s clients include Binance.US, Blockchain.com, CoinList, Strix Leviathan and Wintermute.
Which specialties fell under the cuts, the management did not specify. However, regulatory uncertainty in the US and market volatility were cited as reasons for the mass layoffs, the publication reported. Bloomberg.
This week, the popular crypto bank Signature Bank stopped its work. This was due to “systemic risks,” the US Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation said in a joint statement.
Two days earlier, the Silvergate crypto bank made a similar decision. The company said that the voluntary liquidation of the bank is the best strategy possible, given changes in the industry and regulation.
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