Anchorage Launches New Crypto Brokerage Service with Merkle Data Acquisition

Anchorage Makes Waves in the Crypto World

Anchorage, a name now synonymous with crypto custody, is stepping into the limelight with their brand-new trading service, Anchorage Trading. This was confirmed by a representative from Anchorage on January 15, sparking an explosion of interest from both existing and potential clients. The cryptocurrency scene is buzzing, and Anchorage is riding that wave.

Diving into the New Offering

According to Anchorage co-founder and CEO Nathan McCauley, the service will kick off with a select few high-demand assets, such as Bitcoin and Ethereum, along with popular stablecoins like TUSD and USDC. McCauley hinted that the service will continually expand to include more assets based on client requests. Talk about a customer-centric approach!

The Merkle Data Acquisition: A Match Made in Crypto Heaven

To enhance this trading service, Anchorage has recently acquired Merkle Data, a software company specializing in risk management and analytics for institutional investors. This acquisition is expected to bolster the brokerage’s capabilities in an increasingly complex market.

“For the past 18 months, Merkle Data has been building the most advanced risk and data solution on the market,” CEO Louis Baudoin said, bringing enthusiasm to what the pairing could achieve.

Unlocking the Power of Custody

What sets Anchorage apart is its seamless integration of custody services with trading. Institutional clients can trade crypto without the hassle of transferring assets to a separate third party. This has been a glaring need in the institutional crypto world, as noted by Bart Stephens, co-founder of Blockchain Capital, who stated:

“Trading directly from custody has been a critical need of institutional crypto investors for years.”

A Promising Future for Institutional Trading

With Anchorage’s innovative blend of custody and trading services, plus the analytical prowess brought by Merkle Data, the future looks brimming with potential for institutional cryptocurrency investors. As cryptocurrency continues to grow in enticing complexity, services like Anchorage that prioritize safety, trust, and efficiency will help clients navigate the evolving landscape.