The reported lows come as Anchorage expands its institutional footprint with stablecoin issuance and a $100 million investment from Tether.
Anchorage Digital, a federally chartered US digital asset bank valued at $4.2 billion, reportedly cut 17% of its workforce earlier this year, suggesting the prolonged crypto market downturn is weighing on the company even as it expands its institutional footprint.
Citing people familiar with the matter, The Information said Report Friday that CEO Nathan McCauley notified employees this week. Anchorage had about 400 employees worldwide, according to McCauley’s congressional testimony at the time, meaning a 17% reduction would amount to roughly 68 jobs if its headcount stayed close to that level.
Cointelegraph reached out to a public relations contact representing Anchorage for confirmation but did not receive an immediate response.
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