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Anchorage Digital Secures BitLicense for New York Operations
Anchorage Digital, a leading crypto custodian, has announced that it has secured a BitLicense for its subsidiary, Anchorage Digital NY, LLC. This approval was granted by the New York State Department of Financial Services (NYDFS) on November 16.
This license will allow the firm to offer regulated crypto services to institutional clients throughout New York State once full operation starts by early 2025. With BitLicense, Anchorage Digital has joined a select group of companies authorized to operate in highly regulated U.S. markets.
A Major Milestone for Anchorage Digital and Crypto Institutions
BitLicense, first introduced in 2015, is the government’s framework for regulating crypto businesses in New York.
The trading desk it offers will help these targeted institutions trade crypto smoothly by providing enough liquidity. Additionally, the exchange’s services are cost-effective. This makes it an ap
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