Anchorage Digital's Assets Under Custody Surge Amid Increased Demand for Safe Crypto Storage
The San Francisco-based crypto bank Anchorage Digital has seen a surge in its business this year, as institutions seek safer ways to store their crypto, Bloomberg has reported. In the first quarter of 2023, Anchorage Dig...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In the first quarter of 2023, Anchorage Digital’s assets under custody rose 80% compared to the prior quarter, the report said, while noting that the firm became a federally chartered crypto bank as recently as in 2021....
Read More: Anchorage Digital's Assets Under Custody Surge Amid Increased Demand for Safe Crypto Storage
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Riot Platforms moves its Bitcoin custody from NYDIG to BitGo Bank & Trust
Riot's custody shift to BitGo highlights the growing trend of prioritizing regulatory clarity and scale in digital asset managemen...
Fidelity Digital Assets finds Bitcoin now moving with US Treasury real rates
Bitcoin's correlation with US Treasury real rates suggests a shift in investor sentiment, potentially altering traditional portfol...
Russia’s central bank bans Bitcoin transfers to self-custody wallets
The Bank of Russia bans transfers from regulated accounts to self-custody wallets as Sberbank wins approval to offer crypto exchan...
Ripple Lands 4th Korea Deal, Bringing Custody and Tokenization to Meritz Securities
Key Takeaways: Ripple also signed an agreement with Meritz Securities, making it its 4th institutional deal in Korea this year. Th...
Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies
Bitcoin Magazine Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies Russia’s central bank has added Sberbank t...
US Hoovers up Bitcoin While the World Runs on Its Digital Dollars: Report
Bitcoin Magazine US Hoovers up Bitcoin While the World Runs on Its Digital Dollars: Report America is accumulating bitcoin while e...