Anchorage Digital Secures NY BitLicense from NYDFS, Expanding Services as 34th Company in 2025

Dec 16, 2024, 04:34 PM

Anchorage Digital has received approval for a BitLicense from the New York State Department of Financial Services (NYDFS), enabling the company to offer regulated crypto trading services to institutions in New York starting in 2025. This marks Anchorage as the 34th firm to secure this license since the program's inception in 2015. The approval follows a broader trend of regulatory advancements in the cryptocurrency sector, including recent approvals for other companies such as Ripple for its stablecoin under a limited purpose trust charter. Anchorage's subsidiary, Anchorage Digital NY, LLC, will now be able to operate within the state's regulatory framework, expanding its services to large institutions.