Starting laying off some crypto employees?

Anchorage Digital, an institutional crypto platform and the parent company of Anchorage Digital Bank, the first federal crypto bank in the USA, has announced that it will lay off approximately 20% of its employees, or 75 people, due to the ongoing downturn in the crypto market. .

The company stated that regulatory uncertainty in the United States influenced the decision.

The company said in a statement:

The need for better crypto infrastructure is becoming more and more evident, and so our focus must be firmly on our position as an unequivocally qualified custodian.

What we offer is one of the safest and most regulated methods for institutions participating in the crypto market.

Anchorage joins a slew of cryptocurrency companies, including Dapper Labs and Immutable, that have had to make staff cuts this year.

It is estimated that since April 2020, the cryptocurrency industry has cut and laid off about 30,000 employees.

Posted using Tribaldex Blog