Crypto’s Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce

Anchorage Digital, the primary federally chartered US digital asset financial institution, has reportedly laid off 17% of its employees. Chief Executive Nathan McCauley instructed staff concerning the cuts this week, in response to The Information.

The report cited individuals aware of the matter and tied the layoffs to a year-long crypto market hunch. Anchorage has not publicly commented on the discount.

How Many Jobs Anchorage’s 17% Cut Could Reach

McCauley put the worldwide workforce at about 400 individuals in congressional testimony in February 2025. If staffing held close to that degree, a 17% lower would have an effect on roughly 68 jobs.

The actual determine might differ since headcount might have shifted since then. BeInCrypto has contacted Anchorage Digital for remark.

The firm has made deep cuts earlier than. In 2023, Anchorage laid off 20% of its workforce. McCauley later mentioned that being lower off from banks contributed to that call.

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From Bitwise to Coinbase, Crypto’s Job Cuts Keep Coming

Anchorage joins a protracted line of crypto companies which have lower employees in 2026. Gemini shrank its workforce by about 30%, whereas Crypto.com cut 12% in March.

Coinbase then introduced it’s eliminating about 700 roles, or 14% of employees, in May. That identical month, Dune laid off 25% of its workforce to focus on AI agents and institutional information.

Exchange Luno trimmed 20% of its employees in July, and Bitwise cut about 14% in August. Others introduced complete shutdowns, together with BitMEX, the Lisk blockchain, and Ethereum layer-2 network Blast.

Outside crypto, know-how firms have stepped up job cuts. US tech companies introduced 10,799 cuts in September, up 77% from August, a Challenger, Gray & Christmas report exhibits.

Tech has introduced 165,925 cuts thus far in 2026, up 54% from a 12 months earlier. However, whole US job lower bulletins fell 18% in September, leaving tech with 29% of this 12 months’s cuts.

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