It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector.
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Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision.
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In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed to “broad macroeconomic challenges, and crypto market volatility” as other factors contributing to its shift in strategy.
It said the market conditions had boosted demand for its product and client assets under custody “are at an all-time high,” but added:
“These same macroeconomic, market, and regulatory
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