TechFlow reported on December 17 that, according to The Block, cryptocurrency custodian Anchorage Digital announced its subsidiary, Anchorage Digital NY, LLC, has obtained a BitLicense from the New York State Department of Financial Services (NYDFS). The company expects to fully launch cryptocurrency trading services in New York by early 2025, primarily targeting institutional clients such as registered investment advisors (RIAs) and large asset management firms.
Following this approval, Anchorage Digital will offer institutional clients in New York deep liquidity and compliant trading services through its institutional-grade trading desk. Anchorage Digital has recently been active in multiple initiatives: becoming the first U.S. federal-chartered bank to support LsETH liquid staking via Liquid Collective, partnering with several institutions to launch stablecoin networks, and collaborating with PayPal on a stablecoin rewards program.
