The post Anchorage Digital receives BitLicense from New York appeared on BitcoinEthereumNews.com.

Anchorage Digital, a leading crypto platform for institutional clients, has received approval for a BitLicense from the New York State Department of Financial Services. The approval authorizes Anchorage Digital’s subsidiary, Anchorage Digital NY, LLC, to offer regulated crypto trading services to institutions based in New York. Full capabilities are expected to be operational in early 2025. The BitLicense The BitLicense is one of the most sought-after licenses in the crypto industry, allowing companies to provide digital asset services within New York state under a stringent regulatory framework. This approval marks a significant milestone for Anchorage Digital as it continues to expand its institutional services. Nathan McCauley, CEO and Co-Founder of Anchorage Digital, called the approval a “major step forward” for both the company and the digital asset industry. He highlighted Anchorage’s dedication to collaborating with regulators to meet the growing demand for secure and compliant crypto services. We are excited to announce that the New York State Department of Financial Services (@NYDFS) has approved our subsidiary, Anchorage Digital NY, LLC, for a BitLicense. The addition of BitLicense-regulated trading means Anchorage Digital can offer institutions in New York State (… pic.twitter.com/Ki7Ehn1F1I — Anchorage Digital (@Anchorage) December 16, 2024 As part of its expanded offerings, Anchorage Digital will now be able to provide services to New York-based registered investment advisors and large institutional asset managers. The company’s agency trading desk will enable these clients to access liquidity and execute trades within a regulated environment. Anchorage Digital also offers custody and settlement services through Anchorage Digital Bank N.A., ensuring regulatory clarity and security throughout the trading process. Source: https://crypto.news/anchorage-digital-receives-bitlicense-from-new-york/

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Filed under: News - @ December 16, 2024 10:21 pm