The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions.
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The decision to reduce headcount was part of strategic adjustments made after a "several months-long" review process, said Anchorage.
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The firms work with prominent crypto exchanges such as Binance, KuCoin, Crypto.com, Gate.io, OKX and FTX.
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“We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves,” the Crypto.com CEO said.
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Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.
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The digital asset platform was focused primarily on acquisitions and sponsorship deals through the bull market but now seems to have shifted toward expansion, especially in Europe.
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Here's where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks.
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The first day of the main stage event included a keynote presentation from Ethereum’s Vitalik Buterin, 1inch Network's Sergej Kunz, and Klaytn Foundation’s Sam Seo.
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Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts.
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