Institutional crypto platform Anchorage Digital lays off 20% of its staff

Bloomberg reports that Anchorage Digital is laying off close to 20% of its staff, or 75 people.

The institutional crypto platform attributed the layoffs to the ongoing downturn in digital assets.

The first federally chartered crypto bank in the U.S. also cited regulatory uncertainty in the U.S. as a reason for the layoffs.

A host of other crypto firms have reduced staff this year. As of April of last year, CoinDesk estimates that crypto firms have eliminated close to 30,000 jobs.

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