Anchorage Digital, the first federally chartered US digital asset bank, has reportedly laid off 17% of its staff. Chief Executive Nathan McCauley told employees about the cuts this week, according to The Information.

The report cited people familiar with the matter and tied the layoffs to a year-long crypto market slump. Anchorage has not publicly commented on the reduction.

How Many Jobs Anchorage’s 17% Cut Could Reach

McCauley put the global workforce at about 400 people in congressional testimony in February 2025. If staffing held near that level, a 17% cut would affect roughly 68 jobs.

The real figure may differ since headcount could have shifted since then….