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The exchange custody network includes Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute.

Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults. 

In an announcement, the custodian mentioned that it has partnered with Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. According to Anchorage, this will provide institutions with direct access to a wide range of trading pairs.

The custody firm also noted that the formation of the custody network allows institutions like Registered Investment Advisors to meet their obligations to their clients in a safe environment by holding assets through a custodian, all throughout the life-cycle of a trade. Additionally, this gives clients some sort of peace of mind, knowing that their assets are not stored in hot wallets, which are prone to hacks.

Diogo Mónica, the co-founder and president of Anchorage, said that this allows the industry to move beyond “hodl.” He tweeted:

Anchorage Digital CEO Nathan McCauley underscored that exchanges and custodians should be different, just as it is for more conventional finance structures. He noted that if the crypto space wants to gain more trust from institutional clients, the industry must “follow the same playbook” as traditional finance.

Related: Anchorage granted US’s first national crypto bank charter

The formation of the exchange custody network came months after the United States Office of the Comptroller of the Currency (OCC) announced that it intends to pursue cease and desist proceedings against Anchorage for possible violations of anti-money laundering regulations. Back then, the custody firm told Cointelegraph that they are working to reinforce the areas that were identified by the OCC.

Meanwhile, back in December 2021, Anchorage secured $350 million in a funding round led by investment bigwig KKR. With this event, the firm’s valuation rose to more than $3 billion. This also marked the first time that the KKR has tried its hands at investing in the cryptocurrency space.

2 thoughts on “Anchorage forms custody network with five crypto exchanges

  1. So I was trying to buy a LimeWire NFT and after purchasing I got a virus on my crypto wallet, then my funds vanished. I'm guessing I could have been hacked but the only thing a bought is that LimeWire NFT.

    Also just a warning – The NFT I bought was supposed to be a Lime being squeezed but when it arrived in my wallet it ended up being some hardcore porn, I bought another one just to make sure it wasn't a mistake on my part, went with a cute dog but again ended up with porn. I now fear that I might be on one of those FBI list due to these infected NFTs I bought, can anybody help me?

    Is LimeWire Legit?

  2. You didn't hold Terra and you used coinbase instead of celsius. This doesn't give you the right to run around calling people idiots saying “I told you so”. We're supposed to be a community.

    This kind of behavior is why everyone thinks crypto people are a bunch of punk ass kids who are not to be taken seriously. Its one thing to say “lessons learned, etc” and completely another to call someone r***** and tell them how much they deserve to lose their entire portfolio (even if it was only a %, that's beside the point).

    Let's be nice to eachother. Some of us are going thru a pretty hard time right now. What benefit does it bring you to attack an innocent (probably a noob) crypto enthusiast? You really need the minor ego boost THAT badly? Were not eachothers enemies.

    The same ones calling banks and hedge funds evil are probably a lot of the same ones laughing as they kick the fallen while they're down.

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