Anchorage Digital has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the company to operate in the heavily regulated US crypto market. This license, issued on Dec. 16, enables Anchorage Digital to offer secure trading services to institutional clients with deep liquidity and competitive fees. The company's focus on meeting the increasing demand for regulated crypto solutions among financial institutions is highlighted by this milestone. Anchorage Digital's trading desk, supported by the BitLicense, prioritizes security, efficiency, and regulatory compliance to cater to institutional needs. The firm's expansion includes support for Ethereum liquid staking and a stablecoin rewards program in partnership with PayPal. With plans to fully launch expanded services by early 2025, Anchorage Digital aims to solidify its position as a leader in institutional-grade crypto solutions. The company's commitment to compliance and regulatory standards, demonstrated through the NYDFS BitLicense approval, enhances its reputation among institutional clients and contributes to confidence in the US digital assets market. Read more AI-generated news on: https://app.chaingpt.org/news