Cryptocurrency platform Anchorage Digital is parting ways with a fifth of its employees.
After 2022, which did not go well for the crypto industry, many companies made layoffs. One of the newcomers to these names was Anchorage Digital.
Anchorage Digital Is Laying Twenty Percent Of Its Employees
Anhorage Digital became one of the companies that laid off their employees in the crypto industry. The firm said US regulatory uncertainty played a role in its decision.
According to a report by Bloomberg, Anchorage Digital is laying off about 20 percent of its staff, or 75 people, due to the ongoing decline in digital assets.
The institutional crypto platform and parent company of Anchorage Digital Bank, the first federally authorized crypto bank in the country, told Bloomberg that regulatory uncertainty in the US played a role in the decision to lay off staff.
Anchorage used the following statements in a statement to Bloomberg:
“The need for better crypto infrastructure is growing more clearly than ever before. For us, this means a resolute focus on our status as an undisputed qualified guardian, alongside other secure and regulated ways for institutions to participate in the digital asset ecosystem.”
