Crypto custody company Anchorage now offers a crypto brokerage service, acquiring Merkle Data to further the service.
Anchorage has introduced an institutional crypto trading service called Anchorage Trading, and has acquired institutional-grade risk management and analytics software company Merkle Data to enhance the endeavor, Anchorage co-founder and CEO Nathan McCauley said in a Jan. 15 post on Anchorage's blog.
Institutional crypto tradingAnchorage's new offering allows institutional players to trade crypto assets via traders Anchorage employs, the post said.
This new offering also takes advantage of Anchorage's crypto custody services.
Customers can house various crypto assets with Anchorage and then trade those assets through the brokerage, without needing to transfer their funds to a third party location, the post added.
"Trading directly from custody has been a critical need of institutional crypto investors for years. Anchorage gives us a level of safety, trust, and ease of use that streamlines the current brokerage/custody workflow."
"For the past 18 months, Merkle Data has been building the most advanced risk and data solution on the market, while Anchorage has built the most advanced and user-friendly custody solution."
Cointelegraph also reported on Anchorage in May 2019, when the company announced insurance coverage.
Cointelegraph reached out to Anchorage for comment but received no response as of press time.
This article will be updated accordingly upon receipt of a response.
Anchorage Acquires Merkle as Part of Trading Service Launch
Publié le Jan 15, 2020
by Cointele | Publié le Coinage
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