On March 14, the bank Anchorage Digital announced the layoff of 20 of its workers due to the crypto winter and regulatory uncertainty in the US.
According to the official statement, the departure of 75 of its employees (approximately 20 of its team) is necessary to focus its resources on other essential processes.
This is the latest development in a series of events that have affected both the banking and the crypto industry as a whole. 2023 has been marked by the closures of three major banks —and the second-largest bank collapse in US history— along with a continuation of the crypto winter that has brought a lot of pain in the whole blockchain ecosystem, from crypto native businesses like Dapper Labs and Huobi to real behemoths such as Meta.
Anchorage Digital is the only federally licensed crypto bank in the United States.
Focusing on What Truly Matters
The executives at Anchorage emphasized that “this should in no way be viewed as a reflection on the contributions of those who are leaving,” as they are immensely grateful for the support they have received from their employees and are committed to helping them during the transition.
