Anchorage Digital, a federally chartered crypto bank in the U.S., is cutting about 20% of its staff.
"The strategic adjustments we are undertaking have been developed over the course of a several months-long review process," the company said in a
😔
Never heard of it.
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‘Nobody left to bank crypto companies’ — Crypto Twitter reactsSilicon Valley Bank's (SVB) sudden collapse and the closure of crypto-friendly bank Signature Bank have prompted the crypto community to give their 2 cents on what it could all mean for the future. Not surprising given the environment right now, but was a traditional “bank” really needed for cryptocurrency? I don’t know much about what they offered, but it feels like they were trying to hang onto old, familiar models. self-custody, brokerage accounts
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