Crypto custodian Anchorage Digital cuts 17% of its workforce.
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Anchorage Digital, a crypto custodian, has cut 17% of its workforce. The company has not disclosed the specific reason for the reduction or how many employees were affected by the layoffs.
The reduction reflects broader pressure across the digital asset sector, where multiple custodians and infrastructure providers have reduced headcount over recent quarters as market conditions tightened. Anchorage Digital serves institutional clients managing crypto holdings, a segment that depends heavily on regulatory clarity and institutional demand.
It remains unclear whether the layoffs signal a change in strategy at the firm, reflect cost constraints, or are tied to shifts in client activity or headcount planning. No statement from Anchorage Digital's leadership or details on affected departments have been made public.